- Taxation is the process by which the government collects money from people to use for government purposes.
When the government charges a tax on income earned, products purchased, and property owned, this is an example of taxation.
taxation definition by Webster's New World
- a taxing or being taxed
- a tax or tax levy
- revenue from taxes
Origin: Middle English taxacion ; from Middle French taxation ; from Classical Latin taxatio ; from past participle of taxare: see tax
taxation definition by American Heritage Dictionary
- a. The act or practice of imposing taxes.b. The fact of being taxed.
- An assessed amount of tax.
- Revenue gained from taxes.
taxation - Cultural Definition
A government's practice of collecting money from citizens and businesses within its domain to support its operations.