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

BBC Verify has examined what we know - and don't know - about the party's aspirations when it comes to taxation, spending and borrowing.

From BBC

That adviser - Baroness Shafik - has called for taxation on wealth and land in the past.

From BBC

Rachel Reeves confirmed the date that she will outline the government's taxation and spending plans to pay for things such as hospitals, schools, the military and the police.

From BBC

The MPA said production had fallen due to rising costs and changes to carbon taxation, which reduced market competitiveness and was a major concern to the sector.

From BBC

"There is no safe passage out of the city, with roads blocked and those attempting to flee facing attacks, taxation at checkpoints, community-based discrimination and death," the organisations said.

From BBC

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.