Definition, Meaning & Synonyms
tax
noun
/tæks/
Definition
A tax is a mandatory financial charge imposed by a government on individuals or entities to fund public services and infrastructure.
Examples
- Income tax is based on the amount of money you earn.
- The government can increase taxes to fund new programs.
- Property tax is paid on the ownership of real estate.
Meaning
Taxes are collected by authorities to finance government activities, including defense, education, and public transportation.
Synonyms
- levy
- tariff
- dues
