Taxed: meaning, definitions and examples
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taxed
[tækst ]
Definition
financial burden
The term 'taxed' refers to the act of imposing a financial charge or levy by a governing body on individuals or entities. This can apply to income, property, sales, and other forms of revenue. Taxes are essential for funding public services and infrastructure, but being taxed can create a financial burden on individuals and businesses. In legal and economic contexts, the implications of being taxed can vary greatly depending on jurisdiction and the specific tax laws in effect.
Synonyms
Examples of usage
- I was taxed heavily on my income last year.
- Businesses are often taxed more than individuals.
- He felt the burden of being taxed during a downturn.
Interesting Facts
Etymology
- The word 'tax' comes from the Latin 'taxare', which means 'to estimate' or 'to assess'.
- It has been used in English text since around the 14th century to denote a charge imposed by the government.
History
- Ancient civilizations, like the Egyptians and Greeks, levied taxes on goods and income as a means to support public projects and armies.
- In medieval England, taxes were often in the form of a portion of crops or goods, known as 'tithes'.
Economics
- Taxation is a primary way governments raise revenue to finance public services, infrastructure, and welfare.
- The economic theory suggests that taxes can influence people’s spending and saving behaviors, known as 'tax incidence'.
Pop Culture
- Movies like 'The Tax Collector' and 'The Wolf of Wall Street' depict the moral and ethical dilemmas surrounding tax evasion and collection.
- In comics, characters like Uncle Sam serve as personifications of government accountability for taxes.
Psychology
- Studies show that how people feel about paying taxes can affect their trust in government and overall happiness.
- Perceptions of fairness in tax systems can influence social cooperation and civic engagement.
Translations
Translations of the word "taxed" in other languages:
🇵🇹 taxado
🇮🇳 कराधान
🇩🇪 besteuert
🇮🇩 dikenakan pajak
🇺🇦 оподаткований
🇵🇱 opodatkowany
🇯🇵 課税された
🇫🇷 imposé
🇪🇸 gravado
🇹🇷 vergiye tabi
🇰🇷 세금이 부과된
🇸🇦 مُخْتَصَر
🇨🇿 zdaněný
🇸🇰 zdanený
🇨🇳 被征税的
🇸🇮 obdavčen
🇮🇸 skattlagður
🇰🇿 салық салынған
🇬🇪 გადასახადზე დაქვემდებარებული
🇦🇿 vergi yükümlülüyü olan
🇲🇽 gravado