taxability
Variant of tax
tax (taks)
transitive verb
- Obsolete to determine the value of; assess
- to require to pay a percentage of income, property value, etc. for the support of a government
- to require to pay a special assessment, as in a society, labor union, etc.
- to assess a tax on (income, property, purchases, etc.)
- to impose a burden on; put a strain on to tax one's strength
- to accuse; charge to be taxed with negligence
Etymology: ME taxen < MFr taxer, to tax < L taxare, to appraise, tax, censure < base of tangere, to touch (see tact): used interchangeably with tasken (see task) in ME
noun
- a compulsory payment, usually a percentage, levied on income, property value, sales price, etc. for the support of a government
- a special assessment, as in a society, labor union, etc.
- a heavy demand; burden; strain
Etymology: ME
Related Forms:
- taxability tax′·abil′·ity noun
- taxable tax′·able adjective
- taxer tax′er noun
Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
Browse dictionary definitions near taxability
Share on Facebook