tax

tax1 [ tæks ] noun count or uncount ***

an amount of money you have to pay to the government that it uses to provide public services and pay for government institutions. There are several different types of tax, for example income tax that is paid on your income, or a duty that is paid on goods you buy or sell:

Income tax payments are due on April 15.

She owes over $50,000 in unpaid taxes.

raise/lower taxes: The government has promised to lower taxes after the election.

tax on: plans for an increase in the tax on gasoline

tax burden (=the amount of tax someone must pay): The increased tax burden could force many small companies to close.

after tax

an amount of money after tax is the amount that is left after you have paid tax on it: NET

before tax

an amount of money before tax is the amount before you have paid tax on it: GROSS

raise taxes or tax

if a government or other authority raises tax or taxes, it gets money by making people pay a tax to them

tax

tax 2 [ tæks ] verb transitive **

1. ) to get money for public services and other government institutions by putting a tax on something:

Child care for working mothers should not be taxed.

government plans to tax private schools

a ) to get money by making someone pay a tax:

Couples may choose to be taxed as two single persons.

2. ) FORMAL to cause problems or make things difficult for someone:

The crowds have severely taxed the security services.

Having to repeat things constantly can really tax your patience.

`tax with phrasal verb transitive FORMAL

tax someone with something to accuse someone of doing something wrong

a. to order someone to do something