Taxation

usgb/tækˈseɪʃn/
noun

The act of charging people money, called taxes, in order to fund government services.

Taxation laws in the US are determined by both state and federal governments.
Visual representation of "taxation" - The act of charging people money, called taxes, in order to fund government services.

Often appears as...

  • direct taxation
  • indirect taxation
Definition 1 of 3
Visual representation of "taxation"
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Government Funding

Understand that 'taxation' refers to how governments raise money to pay for public services.

Illustration for Government Funding
Our community center was built as a result of successful taxation.
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Mandatory Payment

'Taxation' implies a compulsory contribution, not a voluntary one.

Illustration for Mandatory Payment
Every citizen is subject to taxation by law.
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Non-Negotiable

'Taxation' is not optional; failing to pay taxes can lead to legal consequences.

Illustration for Non-Negotiable
The businessman faced fines for evading taxation.
Visual representation of the word "Taxation"

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