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Taxation definition

tăk-sāshən
An assessed amount of tax.
noun
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A tax or tax levy.
noun
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1
A taxing or being taxed.
noun
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1
Revenue from taxes.
noun
2
1
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
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Revenue gained from taxes.
noun
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The act or practice of imposing taxes.
noun
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The fact of being taxed.
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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Other Word Forms

Noun

Singular:
taxation
Plural:
taxations

Origin of taxation

  • From Latin taxātÄ­o (“rating, appraisal")

    From Wiktionary

Taxation Sentence Examples

  • Nothing is permitted to escape taxation, and duplicated taxes on the same thing are frequent.

  • Owing to the high rate of taxation on deposits, a considerable part of the savings of the people is sent into other states.

  • Revenue is derived principally from customs duties, direct taxation being light.

  • Bills imposing taxation or appropriating revenue must not originate in the Senate, and neither taxation bills nor bills appropriating revenue for the annual service of the government may be amended in the Senate, but the Senate may return such bills to the House of Representatives with a request for their amendment.

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Words near taxation in the Dictionary