taxation

Taxation refers to the practice of a government collecting money from its citizens to pay for public services. Without taxation, there would be no public libraries or parks.

One of the most frequently debated political topics is taxation. Taxation is the practice of collecting taxes (money) from citizens based on their earnings and property. The money raised from taxation supports the government and allows it to fund police and courts, have a military, build and maintain roads, along with many other services. Taxation is the price of being a citizen, though politicians and citizens often argue about how much taxation is too little or too much.

Definitions of taxation

noun
the imposition of taxes; the practice of the government in levying taxes on the subjects of a state

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type of:
imposition, infliction
the act of imposing something (as a tax or an embargo)
noun
charge against a citizen's person or property or activity for the support of government

synonyms: revenue enhancement, tax

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types:
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single tax
a system of taxation in which a tax is levied on a single commodity (usually land)

income tax
a personal tax levied on annual income

capital gains tax
a tax on capital gains

capital levy
a tax on capital or property

departure tax
a tax that is levied when you are departing a country by land or sea or air

franchise tax
a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state

gift tax
a tax imposed on transfers of property by gift during the lifetime of the giver

direct tax
a tax paid directly by the person or organization on whom it is levied

indirect tax
a tax levied on goods or services rather than on persons or organizations

capitation
a tax levied on the basis of a fixed amount per person

graduated tax, progressive tax
any tax in which the rate increases as the amount subject to taxation increases

proportional tax
any tax in which the rate is constant as the amount subject to taxation increases

degressive tax
any tax in which the rate decreases as the amount subject to taxation increases

rates
a local tax on property (usually used in the plural)

stamp duty, stamp tax
a tax collected by requiring a stamp to be purchased and attached (usually on documents or publications)

pavage
a tax toward paving streets

transfer tax
any tax levied on the passing of title to property

special assessment
an additional tax levied on private property for public improvements that enhance the value of the property

bracket creep
a movement into a higher tax bracket as taxable income increases

estimated tax
income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability

FICA
a tax on employees and employers that is used to fund the Social Security system

withholding, withholding tax
income tax withheld from employees' wages and paid directly to the government by the employer

land tax, property tax
a capital tax on property imposed by municipalities; based on the estimated value of the property

death duty, death tax, estate tax, inheritance tax
a tax on the estate of the deceased person

hidden tax
a tax paid unwittingly by the consumer (such as ad valorem taxes)

poll tax
a tax of a fixed amount per person and payable as a requirement for the right to vote

poor rates
a local tax for the relief of the poor

supertax, surtax
an additional tax on certain kinds of income that has already been taxed

duty, tariff
a government tax on imports or exports

excise, excise tax
a tax that is measured by the amount of business done (not on property or income from real estate)

type of:
levy
a charge imposed and collected
noun
government income due to taxation

synonyms: revenue, tax income, tax revenue

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types:
internal revenue
government revenue from domestic sources (excluding customs)

type of:
government income, government revenue
income available to the government