taxes

[ˈtæksɪz]

taxes Definition

• 1. a 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
• 2. a 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

• levy
• duty
• assessment
• tariff
• imposition

Phrases with taxes

• income tax

  a tax levied on personal income

  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%.

• property tax

  a tax on real estate or other property

  Example

  I received a bill for my property tax.

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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.'