Tax
/ˈtæks/
Definitions
- (n.) A compulsory financial charge imposed by a government to fund public expenditures.
The government increased the income tax to support public services.
- (v.) To impose a tax on someone or something.
The city taxes all property owners annually.
Forms
- taxes
- taxing
- taxed
Related terms
Commentary
In drafting, distinguish clearly between tax types and their applicable bases to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.