What does taxes mean

Save This Word! See synonyms for tax on Thesaurus. We could talk until we're blue in the face about this quiz on words for the color "blue," but we think you should take the quiz and find out if you're a whiz at these colorful terms. Origin of tax —; v. Words related to tax contribution , cost , duty , expense , fine , levy , price , rate , tariff , charge , assess , enact , impose , exhaust , overtax , weaken , assessment , bite , brokerage , capitation.

How to use tax in a sentence There are limits to the painting of banditry and extortion as the legitimate raising of tax es. National Conference of State Legislatures.

Tax Policy Center. Social Security Administration. Government Publishing Office. Tax Foundation. Council on Foreign Relations. Income Tax. Social Security. Small Business Taxes. Tax Laws. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

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Tax Types and Terms. What Are Taxes? Key Takeaways Taxes are mandatory contributions collected by governments. There are many forms of taxes; most are applied as a percentage of a monetary exchange for example, when income is earned or a sales transaction is completed. Other forms of taxes, such as property taxes, are applied based on the assessed value of a held asset. Article Sources. Investopedia requires writers to use primary sources to support their work.

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Investopedia does not include all offers available in the marketplace. A payroll tax is a percentage withheld from an employee's salary and paid to a government to fund public programs.

Learn more about payroll taxes here. What Are Medicare Wages? What was your income before taxes? What is the amount of tax to be paid? What was your income before tax? Verb He believes in taxing the rich to give to the poor. You are taxed according to your income. Chamber of Commerce oppose Mr.

Wolf, CNN , 21 Oct. First Known Use of tax Noun 14th century, in the meaning defined at sense 1a Verb 14th century, in the meaning defined at sense 4. History and Etymology for tax Verb Middle English, to estimate, assess, tax, from Anglo-French taxer , from Medieval Latin taxare , from Latin, to feel, estimate, censure, frequentative of tangere to touch — more at tangent entry 2 Combining form Greek taxi- , from taxis.

Learn More About tax. Time Traveler for tax The first known use of tax was in the 14th century See more words from the same century. From the Editors at Merriam-Webster. Phrases Related to tax income tax return excise tax payroll tax. Style: MLA. More Definitions for tax. English Language Learners Definition of tax Entry 1 of 2. Kids Definition of tax Entry 1 of 2. Kids Definition of tax Entry 2 of 2. Legal Definition of tax Entry 1 of 2.