taxation — the system of imposing taxes; the revenue raised from taxes
Part of speech: NOUN
Definition: the system of imposing taxes; the revenue raised from taxes
Pronunciation (IPA): /tækˈseɪʃən/
Example Sentences
- The millionaire complained that taxation was eating into his yacht budget.
- Understanding taxation is essential for running a business.
- The professor explained that taxation dates back to ancient civilizations.
taxation
NOUN[/tækˈseɪʃən/]
the system of imposing taxes; the revenue raised from taxes
Image coming soon
Got the picture? Now let's practice.
🎤Pronunciation
🌳Etymology
Origin
The word derives from Latin 'taxare', meaning 'to assess' or 'to evaluate', which passed through French before entering English. Originally, taxation referred to the practice of assessing the value of property to determine tax obligations.
Breakdown
taxare (to assess, evaluate) + -tion (act or process of), forming the noun denoting the system or act of levying taxes based on valuation.
🎵Rhyme
🔗Collocations
📝Examples
“The millionaire complained that taxation was eating into his yacht budget.”
“Understanding taxation is essential for running a business.”
“The professor explained that taxation dates back to ancient civilizations.”
“Even pirates had to worry about taxation when they retired.”
📚Related Words
Want to master 27,000+ words?
Sign up free for flashcards & quizzes.