taxation
State income collection
Taxation is the system by which governments collect money from citizens and businesses to fund public services and operations.
The word covers both the practice itself and the amount collected: Taxation without representation sparked the American Revolution.
Heavy taxation draws complaints; tax policy shapes economies.
The power to tax is among a government's most fundamental authorities.
Tax on traded goods
- dutyRequired moral task
- exciseRemove by cutting
- tollFee for passage
- customsTraditional practices or import taxes
surcharge · tithe · imposition · assessment · withholding · surtax · VAT
Legal or financial obligation
- obligationRequired task or commitment
- dutyRequired moral task
- assessmentFormal evaluation of worth
- encumbranceHindrance or legal claim
strain · pressure · penalties · interest · garnishment · lien · arrears · delinquency
Gathered set of items
- receiptsTransaction documentation
- proceedsRevenue from a transaction
- treasuryStored organizational funds
- coffersFunds or treasury
budget · surplus · deficit · expenditure · appropriation · allocation · funding · GDP
Federal tax collector
- deductionsConclusions from reasoning
- exemptionsReleases from obligation
- filingStoring documents systematically
- returnsProfits from investments
audit · compliance · loopholes · write-off · allowances · threshold · credits · refund
Act of escaping detection
- loopholesExploitable ambiguities in rules
- offshoreAway from land
- shelterProtected place or structure
- write-offRecorded value reduction
deferral · fraud · amnesty · whistleblower · prosecution
Favoring reform and innovation
- regressiveReverting to earlier stages
- reformImprove by correcting faults
- legislationOfficial enactment of statutes
- redistributionSharing out again differently
austerity · stimulus · supply-side · incentive · subsidy · amendment · proposition · referendum
Unequal distribution of resources
- unfairUnjust or partial
- protestPublic expression of disapproval
- resistanceCapacity to withstand force
- revoltOrganized resistance to power
rebellion · oppression · representation · activism · lobbying · reform · partisan · polarizing
tariff
Tax on traded goods
customs · surcharge · tithe · imposition · assessment · withholding · surtax · VAT
liability
Legal or financial obligation
- obligationRequired task or commitment
- dutyRequired moral task
- assessmentFormal evaluation of worth
encumbrance · strain · pressure · penalties · interest · garnishment · lien · arrears · delinquency · underpayment
collection
Gathered set of items
- receiptsTransaction documentation
- proceedsRevenue from a transaction
- treasuryStored organizational funds
coffers · budget · surplus · deficit · expenditure · appropriation · allocation · funding · GDP · infrastructure
IRS
Federal tax collector
- deductionsConclusions from reasoning
- exemptionsReleases from obligation
- filingStoring documents systematically
returns · audit · compliance · loopholes · write-off · allowances · threshold · credits · refund · withholding
evasion
Act of escaping detection
write-off · deferral · fraud · amnesty · whistleblower · prosecution
progressive
Favoring reform and innovation
- regressiveReverting to earlier stages
- reformImprove by correcting faults
- legislationOfficial enactment of statutes
redistribution · austerity · stimulus · supply-side · incentive · subsidy · amendment · proposition · referendum · mandate
inequality
Unequal distribution of resources
- unfairUnjust or partial
- protestPublic expression of disapproval
- resistanceCapacity to withstand force
revolt · rebellion · oppression · representation · activism · lobbying · reform · partisan · polarizing · plutocracy
- Ancient Egypt economygrain storage, gold mines, granaries, tribute, foreign trade
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- Colonial AmericaGeorge Washington, Thomas Jefferson, Ben Franklin, Benjamin Franklin, Declaration of Independence
- government actionslaws, policies, presidential decree, resolution, mandates
- economic relationshipstrade, barter, debt, credit, loan
- finance termsnet profit, gross profit, budget, credit, debt
taxationdonation
Voluntary charitable gift
charity · philanthropy · voluntary giving · gift · almsgiving
taxationsubsidy
Financial assistance from government
government spending · public expenditure · tax refund · redistribution · welfare
taxationlaissez-faire
Noninterference in commerce
tax exemption · tax-free · tax relief · tax cut · free market
- taxation lawStatutes governing fiscal levies
- taxation without representationFees imposed without elected consent
- federal taxationLevies imposed by central government
- taxation systemRules governing public levies
- progressive taxationRates increase with income
- double taxationRevenue assessed twice