tax (B1)
noun, verb
Pronunciation: /tæks/
Definition
A compulsory financial charge imposed by a government on individuals or businesses to fund public services and government activities.
Examples
Income tax is deducted directly from your salary each month.
The company had to pay a significant amount of corporate tax on its profits.
Many people try to find legal ways to reduce their tax burden.
How to Use tax
- tax on (prepositional phrase)
- A tax imposed on a specific item, service, or income. — "There is a tax on sugary drinks in some countries."
- tax return (collocation)
- A document filed with a tax authority that reports income, expenses, and other relevant tax information. — "He is late filing his tax return every year."
- tax evasion (collocation)
- The illegal practice of not paying taxes that are due. — "The investigation uncovered a large-scale tax evasion scheme."
- tax break (collocation)
- A reduction in the amount of tax that a person or company has to pay. — "The government offered a tax break for new businesses."
Synonyms of tax
Words with a similar meaning to tax:
Antonyms of tax
Words with the opposite meaning to tax:
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