Tax

usgb/tæks/
noun

Money people must pay to the government.

He forgot to pay his income tax and had to pay a fine.
Visual representation of "tax" - Money people must pay to the government.

Often appears as...

  • income tax
  • value-added tax
Definition 1 of 4
Visual representation of "tax"
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Government Funding

Taxes are essential for public services like roads, schools, and healthcare.

Illustration for Government Funding
Road maintenance is funded by vehicle tax.
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Mandatory Payment

Paying tax isn't optional; not paying can lead to legal trouble.

Illustration for Mandatory Payment
She was audited for not declaring her taxes correctly.
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Types of Tax

There are various taxes such as on income, purchases (sales tax), and property.

Illustration for Types of Tax
Sales tax is added at the checkout.
Visual representation of the word "Tax"

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