Taxation definitions

tăk-sā'shən
An assessed amount of tax.
noun
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The act or practice of imposing taxes.
noun
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The fact of being taxed.
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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.

noun
2
1
A taxing or being taxed.
noun
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A tax or tax levy.
noun
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Revenue from taxes.
noun
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The act of imposing taxes and the fact of being taxed.
noun
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A particular system of taxing people or companies.
noun
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The revenue gained from taxes.
noun
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Revenue gained from taxes.
noun
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1

Origin of taxation

From Latin taxātÄ­o (“rating, appraisal")