tax levies
Mandatory fiscal extractions
Tax levies are government seizures of property or assets to satisfy unpaid tax debts.
Unlike a lien, which is a legal claim, a levy is the actual taking—garnishing wages, freezing bank accounts, or seizing physical property.
The IRS placed tax levies on his accounts after years of unpaid back taxes.
The term also refers more broadly to taxes imposed by government authority.
- garnishmentCourt-ordered debt collection
- federal taxesRevenue owed to central government
- state taxesRevenue owed locally
- customs dutyTax on imported merchandise
- asset seizureLegal taking of property
withholding · penalties · seizure · property taxes · back taxes · distraint · constitutional provisions · enforcement agencies · self-reporting · payroll · owed · audit · IRS · treasury · refund · debt · burden · payment plan
- government chargesincome taxes, sales taxes, property taxes, customs duties, excise taxes
- local financecommunity banks, budgets, regional banks, state bonds, county budget
- municipal revenuelocal taxes, user fees, license fees, permit fees, utility fees
- municipal lawcity ordinances, municipal codes, city charter, city charters, zoning law
- budgetingbudget, budgets, budget app, budget template, budget allocation
- finestraffic fines, parking fine, parking fines, speeding fine, speeding fines
tax leviesvoluntary contributions
Freely offered gifts
gifts · philanthropy · tithes · bequests · gratuities
tax leviesgovernment subsidies
State aid to enterprises
tax refunds · rebates · benefit payments · grants · public assistance
tax leviestax exemptions
Legally untaxed income portions
tax relief · tax credits · tax breaks · tax deductions · tax abatements