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Tax Definition, Examples & Usage Guide (2 meaning)

Meaning 1:government levy (Tax)

Tax 🔊
/tæks/
n., v.
Money that people or businesses pay to the government for public services like schools and roads.
Tax on receipt with coins and teacher in classroom
government levy 🔊
/ˈɡʌvənmənt ˈlevi/
n., v.
A compulsory payment to a government authority for the support of public services.
📁 Category:Social Economy 🔖 Level:elementary

📘 Details & Usage

📖 Root Explanation
From Latin 'taxare' meaning 'to assess, appraise', via French 'taxer'.
💡 Mnemonic
Think of a 'tack' pinning down your money – tax tacks onto income.
📖 Example
When I bought a new book online, the price included a small tax that helps fund local libraries. 🔊 When I bought a new book online, the price included a small tax that helps fund local libraries.
🔗 Collocations
income tax – A tax on a person's earnings from work or investments.
sales tax – A tax on the sale of goods and services.
property tax – A tax on real estate owned by individuals or businesses.
🔄 Synonyms
levy (n.) – An imposed tax or fee.
duty (n.) – A tax on imports or exports.
tariff (n.) – A tax on imported goods, often used to protect domestic industries.
🚫 Antonyms
subsidy (n.) – Financial aid given by the government, opposite of tax.
exemption (n.) – A legal exclusion from paying tax.
🌱 Derivatives
taxation (n.) – The system or process of collecting taxes.
taxable (adj.) – Subject to being taxed.
taxpayer (n.) – A person or organization that pays taxes.
📖 Cultural Story
From Latin 'taxare' (to touch/assess). Romans used it for property valuation. Now central to government finance, e.g., the Boston Tea Party.

Meaning 2:levy tax on (Tax)

Tax 🔊
/tæks/
n., v.
To charge a tax on people, businesses, or goods to raise money for the government.
Government official discussing tax policy on laptop
levy tax on 🔊
/ˈlevi tæks ɒn/
n., v.
To impose or demand payment of a financial charge on individuals, businesses, or goods.
📁 Category:Laws & Regulations 🔖 Level:intermediate

📘 Details & Usage

📖 Example
To reduce plastic waste, the government plans to tax single-use bags more heavily. 🔊 To reduce plastic waste, the government plans to tax single-use bags more heavily.
🔗 Collocations
tax heavily – To impose a high tax rate.
tax on luxury goods – A tax applied to non-essential items like jewelry or cars.
tax-deductible – Expenses that can be subtracted from taxable income.
🔄 Synonyms
levy (v.) – To impose or collect a tax.
impose (v.) – To force something unwelcome, like a tax, to be paid.
charge (v.) – To demand payment for a service or as a tax.
🚫 Antonyms
exempt (v.) – To free someone from an obligation, especially tax payment.
rebate (n.) – A partial refund of a tax payment.
🌱 Derivatives
taxing (adj.) – Demanding or burdensome (like a tax).
untaxed (adj.) – Not subject to tax.
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