Definition of Taxation:
The levying of tax.
A means by which governments finance their expenditure by imposing charges on citizens and corporate entities.
Governments use taxation to encourage or discourage certain economic decisions. For example, reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater construction activity, and generates more jobs. See also taxation principles.
Synonyms of Taxation
Assessment, Cess, Conscience money, Contribution, Direct tax, Duty, Graduated taxation, Imposition, Impost, Indirect tax, Joint return, Levy, Progressive tax, Separate returns, Single tax, Supertax, Surtax, Tax, Tax base, Tax dodging, Tax evasion, Tax exemption, Tax return, Tax structure, Tax withholding, Tax-exempt status, Taxable income, Tithe, Toll, Tribute, Withholding tax, Tax, Tariff, Toll, Excise, Duty, Fee, Imposition, Impost, Exaction, Assessment, Tithe, Payment
How to use Taxation in a sentence?
- The rate of her taxation increased as her promotion provided her with a huge boost in income, thereby causing her to owe more to the government to fund things such as schools.
- The progressive nature of taxation.
- There was taxation without representation occurring which is one of the main contributing factors to the United States of America being born.
- A tax on tea is an unacceptable taxation to the new colonist from the British and will not be tolerated by any means which so of course lead them to construct the event of the Boston tea party.
Meaning of Taxation & Taxation Definition