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taxation
/ tækˈseɪʃən /
noun
- the act or principle of levying taxes or the condition of being taxed
- an amount assessed as tax
- a tax rate
- revenue from taxes
taxation
- A government's practice of collecting money from citizens and businesses within its domain to support its operations.
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Derived Forms
- taxˈational, adjective
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Other Words From
- tax·ation·al adjective
- anti·tax·ation adjective
- nontax·ation noun
- protax·ation adjective
- retax·ation noun
- self-tax·ation noun
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Word History and Origins
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Example Sentences
It’s just one of a series of new taxation strategies that a host of countries are embracing to adapt to a world transformed by the pandemic, technology and globalization in ways unimaginable even a decade ago.
It’s a classic case of “taxation without representation,” critics say.
Policy advocates argue that traditional property taxation discourages people from using land productively by raising their costs if they want to make improvements.
The community’s impoverished farmers found their goods seized in taxation and used to feed the army.
Economists have long understood that taxation can have a distortionary effect on our economy, discouraging things we want more of, such as commerce.
In America, low turnout is the new black eye for a country founded on “no taxation without representation.”
Taxes are an obvious benchmark, since right now, employed teenagers are literally subjected to taxation without representation.
The marginal rate of taxation applies much more heavily on the secondary wage.
They support progressive taxation, they support many or even most categories of government spending, and so on.
“Taxation Without Representation” is on many license plates.
Regular taxation, monopolies, mortgages, and loans barely sufficed to provide for the budget.
And it cannot do this unless it continues to use the terrific engine of taxation already fashioned in the war.
Clearly, it was no mere question of taxation but the larger question of legislative independence that now confronted Americans.
The court said the game would not work, that for the purposes of taxation the concern must be regarded as an individual.
This provision also had the effect of preventing the imposition of taxation upon the community by means of railway rates.
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Related Words
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More About Taxation
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.
Why is taxation important?
The first records of the word taxation come from around 1250. It comes from the Medieval Latin taxātiōn, meaning “an appraising.”
The idea of taxation, however, is very old, going back to the ancient Greeks and Romans, though the system was much different. From ancient Greece through the Middle Ages, taxation often took the form of tithes, meaning a landowner would give a portion of their harvest to the government. Indirect taxing of sales and trade was more common, and direct taxes were often only imposed on the wealthy.
If you know your American history, you know that taxation played a large role in the creation of the United States. Famously, the American colonists refused any “taxation without representation.” They argued that they should not have to pay taxes to the British government when they were not represented by any members of Parliament. The British government disagreed, and the argument eventually resulted in the American Revolutionary War.
Did you know … ?
Some countries make enough money from other sources that their citizens don’t pay any income tax at all. For example, the United Arab Emirates funds the government through the taxation of oil sales and banking, while Bermuda supports itself through employer payroll taxes and land taxes.
What are real-life examples of taxation?
Unsurprisingly, taxation is very unpopular with the people who must actually pay taxes.
The fact that New York pays more into the federal government than it gets back is not a "fundamental injustice."
It's inherent in the concept of federal taxation that richer states would put in more.
— Bill Hammond (@NYHammond) January 19, 2021
I get paid tomorrow.
I earned $913 and after taxes I get $777.
Taxation is theft.
— Francisco T 🎗🌺📦 (@FTthemusician) November 20, 2020
What other words are related to taxation?
Quiz yourself!
True or False?
The main reason for taxation is the government’s need to collect money in order to finance itself.
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