Taxation

Pronunciation: /tækˈseɪʃən/

Definitions of taxation

noun a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions

Example Sentences

A1 Taxation is the process of collecting money from individuals and businesses to fund public services.

A2 Understanding taxation can help individuals make informed decisions about their finances.

B1 Taxation policies vary from country to country, affecting how much individuals pay in taxes.

B2 Taxation can be a complex issue, requiring expert knowledge to navigate effectively.

C1 Taxation laws are constantly evolving, requiring businesses to stay up-to-date to remain compliant.

C2 The government uses taxation as a tool to regulate the economy and promote social welfare.

Examples of taxation in a Sentence

formal Taxation is the process of imposing a financial charge on individuals or entities by a government.

informal I hate dealing with taxation every year when tax season comes around.

slang I can't believe how much they're taxing us this year, it's ridiculous.

figurative The burden of taxation weighs heavily on small businesses trying to stay afloat.

Grammatical Forms of taxation

• plural: taxations
• comparative: more taxation
• superlative: most taxation
• present tense: taxes
• future tense: will tax
• perfect tense: have taxed
• continuous tense: is taxing
• singular: taxation
• positive degree: taxation
• infinitive: to tax
• gerund: taxing
• participle: taxed

Origin and Evolution of taxation

First Known Use: 1250 year

Language of Origin: Latin

Story behind the word: The word 'taxation' originated from the Latin word 'taxatio', which means 'a valuing or estimating'.

Evolution of the word: Over time, the word 'taxation' has come to specifically refer to the practice of imposing taxes on individuals or entities by a government to fund public expenditures.