Tax: meaning, definitions and examples
๐ฐ
tax
[ taks ]
payment
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Synonyms
Examples of usage
- Individuals and businesses are required to pay taxes to the government.
- The sales tax on that item is 8%.
- She calculated her income tax for the year.
- The government uses tax revenue to fund public services.
- Taxes can be deducted from your paycheck.
financial
To impose a tax on (someone or something).
Synonyms
Examples of usage
- The government taxes personal income.
- They taxed imported goods at a high rate.
- The new law will tax carbon emissions.
- He was taxed heavily on his inheritance.
- The city council voted to tax property owners.
Translations
Translations of the word "tax" in other languages:
๐ต๐น imposto
๐ฎ๐ณ เคเคฐ
๐ฉ๐ช Steuer
๐ฎ๐ฉ pajak
๐บ๐ฆ ะฟะพะดะฐัะพะบ
๐ต๐ฑ podatek
๐ฏ๐ต ็จ้
๐ซ๐ท impรดt
๐ช๐ธ impuesto
๐น๐ท vergi
๐ฐ๐ท ์ธ๊ธ
๐ธ๐ฆ ุถุฑูุจุฉ
๐จ๐ฟ daล
๐ธ๐ฐ daล
๐จ๐ณ ็จ
๐ธ๐ฎ davek
๐ฎ๐ธ skatt
๐ฐ๐ฟ ัะฐะปัา
๐ฌ๐ช แแแแ
๐ฆ๐ฟ vergi
๐ฒ๐ฝ impuesto
Word origin
The word 'tax' comes from the Latin word 'taxare', meaning 'evaluate' or 'assess'. The concept of taxation has been around for thousands of years, with ancient civilizations using various forms of taxation to fund government activities. Taxes play a crucial role in modern societies, providing revenue for public services such as education, healthcare, infrastructure, and defense.