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taxation
/ tækˈseɪʃən /
noun
- the act or principle of levying taxes or the condition of being taxed
- an amount assessed as tax
- a tax rate
- revenue from taxes
taxation
- A government's practice of collecting money from citizens and businesses within its domain to support its operations.
Derived Forms
- taxˈational, adjective
Other Words From
- tax·ation·al adjective
- anti·tax·ation adjective
- nontax·ation noun
- protax·ation adjective
- retax·ation noun
- self-tax·ation noun
Word History and Origins
Example Sentences
Just last week, one US oil firm said it would end all North Sea operations by the end of 2029 because of high levels of taxation.
In an interview with French magazine Marie Claire for its November cover story, Longoria attributed the decision to the country's "changing vibe" after the Covid-19 pandemic, homelessness and high taxation in California, and the re-election of Donald Trump.
The campaign for the measure, which defined noncitizens as tax-paying undocumented people and green card holders, said it would allow for fairer elections, evoking the centuries-old slogan “no taxation without representation.”
He pledged to exempt Social Security benefits, overtime wages and tips from taxation.
In 2022, undocumented workers paid a total of $40 billion into three programs — Social Security, Medicare and unemployment insurance — that they are barred from accessing, according to the Institute on Taxation and Economic Policy, a think tank in Washington.
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