taxes Definition
- 1a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions
- 2a strain or heavy demand
Using taxes: Examples
Take a moment to familiarize yourself with how "taxes" can be used in various situations through the following examples!
Example
I have to pay my taxes by the end of the month.
Example
The government increased taxes on cigarettes.
Example
The new tax laws have been a burden on small businesses.
taxes Synonyms and Antonyms
Synonyms for taxes
Phrases with taxes
Example
I need to file my income tax return before April 15th.
sales tax
a tax on sales or on the receipts from sales
Example
The sales tax in this state is 6%.
Example
I received a bill for my property tax.
Summary: taxes in Brief
The term 'taxes' [ˈtæksɪz] refers to a mandatory payment made to the government based on income, profits, or goods and services. It can also refer to a heavy demand or burden. Examples include 'I have to pay my taxes by the end of the month.' 'Taxes' can be further categorized into 'income tax,' 'sales tax,' and 'property tax.'