To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid labour).
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Some articles on tax:
... Although Toledo originally promised tax cuts, violent protests by civil servants prompted the increase in social sector spending that Toledo had also promised, which necessitated tax increases ... To tackle tax reform in June 2003, he brought in Peru’s first female prime minister, Beatriz Merino who quickly submitted proposals to the congress ... for Toledo himself, a 5% across-the-board cut for all agencies and ministries, tax increases on beer, cigarettes and fuel, and an extension of the 18 ...
... The terms "car tax", "road tax" and "vehicle tax" are commonly, but incorrectly, used when referring to "Vehicle Excise Duty" ... Road tax has an entry in the Oxford English Dictionary ... cycling organisations and cycling publications object to use of the term 'road tax' since roads are paid for from general taxation, arguing that there is no such thing as a "road tax" ...
... on the public road are required to display a non-transferable vehicle licence ("tax disc") ... Failure to submit a SORN is punishable in the same manner as failure to pay duty and display a tax disc when using the vehicle on public roads ... If you have paid for vehicle tax by phone or online before the current disc runs out, then you can legally drive or keep your vehicle on the road whilst displaying the tax disc that has ...
... Varlık Vergisi ("Wealth tax" or "Capital tax") was a Turkish tax levied on the wealthy citizens of Turkey in 1942, with the stated aim of raising funds for ... The bill for the one-off tax was proposed by the Şükrü Saracoğlu government, and the act was adopted by the Turkish parliament on November 11, 1942 ... Officially, the tax was devised to fill the state treasury that would have been needed had Nazi Germany or the Soviet Union invaded the country ...
... Main article Optimal tax Most governments take revenue which exceeds that which can be provided by non-distortionary taxes or through taxes which give a double dividend ... the elasticity of supply and demand for a good, it follows that putting the highest tax rates on the goods for which there is most inelastic supply and demand will result in the least overall ... Some economists sought to integrate optimal tax theory with the social welfare function, which is the economic expression of the idea that equality is valuable to a ...
More definitions of "tax":
- (verb): Set or determine the amount of (a payment such as a fine).
- (verb): Levy a tax on.
Example: "The State taxes alcohol heavily"; "Clothing is not taxed in our state"
- (noun): Charge against a citizen's person or property or activity for the support of government.
Synonyms: taxation, revenue enhancement
- (verb): Make a charge against or accuse.
Example: "They taxed him failure to appear in court"
Famous quotes containing the word tax:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (18051859)
“But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, God, be merciful to me, a sinner!”
—Bible: New Testament, Luke 18:13.
“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)