taxation

tax·a·tion   (tāk-sā'shən)    n.   The act or practice of imposing taxes. The fact of being taxed. An assessed amount of tax. Revenue gained from taxes.

taxation

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

Main Entry: tax·a·tion
Function: noun
1 : the action of taxing: as a : the imposition of taxes b : the judicial determination of costs
2 a : revenue obtained from taxes b : the amount assessed as a tax
3 : a particular system of taxing taxation>

taxation

imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.

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