taxation

[tækˈseɪʃən]

taxation Definition

• 1. the levying of tax
• 2. a particular system of taxing people or companies

Using taxation: Examples

Take a moment to familiarize yourself with how "taxation" can be used in various situations through the following examples!

• Example

  The government is considering changes to the taxation system.

• Example

  The taxation of cigarettes has increased significantly in recent years.

• Example

  Taxation without representation was one of the causes of the American Revolution.

taxation Synonyms and Antonyms

Synonyms for taxation

• taxing
• imposition
• assessment
• levy

Phrases with taxation

• direct taxation

  taxes that are paid directly by individuals or companies to the government, such as income tax

  Example

  Direct taxation accounts for a significant portion of government revenue.

• indirect taxation

  taxes that are included in the price of goods and services, such as value-added tax (VAT)

  Example

  Indirect taxation is often seen as regressive, as it affects low-income earners more than high-income earners.

• progressive taxation

  a system of taxation in which the rate of tax increases as income increases, with the aim of reducing income inequality

  Example

  Many countries have introduced progressive taxation systems in order to address income inequality.

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Summary: taxation in Brief

The term 'taxation' [tækˈseɪʃən] refers to the levying of tax, including a particular system of taxing people or companies. It encompasses direct taxation, where individuals or companies pay taxes directly to the government, and indirect taxation, where taxes are included in the price of goods and services. Progressive taxation is a system where the rate of tax increases as income increases, with the aim of reducing income inequality.