taxation

[tak-sey-shuhn]

noun

1. the act of taxing. tax.

2. the fact of being taxed.

3. a tax imposed.

4. the revenue raised by taxes. taxis. tax.

taxation

/ tækˈseɪʃən /

noun

1. the act or principle of levying taxes or the condition of being taxed

2. 1. an amount assessed as tax

   2. a tax rate

3. revenue from taxes

taxation

1. A government's practice of collecting money from citizens and businesses within its domain to support its operations.

Other Word Forms

• taxational adjective
• antitaxation adjective
• nontaxation noun
• protaxation adjective
• retaxation noun
• self-taxation noun

Word History and Origins

Origin of taxation¹

1250–1300; < Medieval Latin taxātiōn- (stem of taxātiō ) an appraising ( tax, -ation ); replacing Middle English taxacioun < Anglo-French < Medieval Latin, as above

Example Sentences

It is understood the green light for "tie backs" would be viewed as a hollow gesture without at least some concessions on taxation.

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The accountant was a young CPA from New York who had graduated from college in 1994 and earned his master’s in taxation in 1999.

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Eurotunnel, the operator of the Channel Tunnel, has halted its UK projects, claiming "unsustainable" levels of taxation has made any future investments "non-viable".

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Surely corporate America would fight any form of taxation or redistribution of wealth, right?

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The Budget looms large over the housing market, with talk of taxation on high value properties, as well as over economic activity in general.

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Related Words

• duty 
• tariff 
• tax 
• tax collection www.thesaurus.com

When To Use

What is taxation?

Taxation is the act of making people and organizations pay taxes.Taxation is how a government collects money (taxes) in order to financially support itself. Governments use the money collected from citizens to pay for welfare programs, the military, roads and bridges, government employees, science programs, public schools, and the many other services a government is responsible for. Almost every country on Earth has some form of taxation system.Taxation is not voluntary, even if the taxpayer doesn’t directly benefit from the tax they pay. You cannot refuse to pay taxes without consequences. In most countries, you will be jailed or suffer another punishment for not paying taxes.