Results for taxation

Definitions of taxation:

part of speech: noun

The act of laying a tax, or of imposing taxes on the subjects of a state or government, or on the members of a corporation or company, by the proper authority; the raising of revenue required for public service by means of taxes; the system by which such a revenue is raised; " The subjects of every state ought to contribute to the support of the government, as nearly as possible in proportion to their abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. In the observance or neglect of this maxim consists what is called the equality or inequality of taxation."- Adam Smith: tax or assessment imposed; the aggregate of particular taxes; " He daily such taxations did exact."- Daniel: charge; accusation; censure; scandal; the act of taxing or assessing a bill of costs in law.

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