what is tax?

Question

define

Answer 1

tax /tæks/ Pronunciation Key - Show Spelled Pronunciation[taks] Pronunciation Key - Show IPA Pronunciation
–noun
1. a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
2. a burdensome charge, obligation, duty, or demand.
–verb (used with object)
3. (of a government)
a. to demand a tax from (a person, business, etc.).
b. to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved.
4. to lay a burden on; make serious demands on: to tax one's resources.
5. to take to task; censure; reprove; accuse: to tax one with laziness.
6. Informal. to charge: What did he tax you for that?
7. Archaic. to estimate or determine the amount or value of.
–verb (used without object)
8. to levy taxes.

Answer 2

A tax (also known as a "duty") is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e.g. tribes, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity.

Taxes consist of direct tax or indirect tax, and may be paid in money or as corvée labor. In modern, capitalist taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents.

In English language nations, a government agency, such as Revenue Canada or the Internal Revenue Service in the United States or in the United Kingdom the Inland Revenue or commonly analgamated as Her Majestys Revenue and Customs (HMRC) in the UK, collects taxes. When taxes are not paid to a government's satisfaction, civil penalties such as fines or forfeiture are carried out against the non-paying entity or individual. In most modern industrialized countries, when an individual fails to pay his government the taxes, it will ultimately result in the loss of money, and in some cases imprisonment.

The means of taxation, and the uses to which the funds raised through taxation should be put, are a matter of hot dispute in politics and economics, so discussions of taxation are frequently tendentious.

Answer 3

Compulsory payment of a percentage of income, property value, etc., for the support of a government. Included within this definition are: Progressive Tax A tax structure where people who earn more are charged a higher percentage of their income (eg, the federal income tax). Proportional Tax A tax structure where all people pay about the same percentage of their incomes in taxes (eg, a flat rate tax).

Answer 4

Taxes are a money paid to the government: an amount of money levied by a government on its citizens and used to run the government, the country, a state, a county, or a municipality also it is a charge paid by members: an amount charged to members of a club or organization to be used for expenses.

Answer 5

A tax (also known as a "duty") is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e.g. tribes, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity.

Taxes consist of direct tax or indirect tax, and may be paid in money or as corvée labor. In modern, capitalist taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents.

Answer 6

In short, it is a revenue-generating device by a government on its the citizen to provide the funds necessary to run economic, social and political programs.

Answer 7

It's where the government rob you of the wages you have earned, supposedly to pay for things like hospitals, pensions etc etc, but then turn round and tell you to pay for our own health care & retirement funds.

Answer 8

its when the government wants to steal your money, they also deduct it off paychecks for dumb things i dont think we should pay for like schools and stuff LOL