American English

Definition of tax noun from the Oxford Advanced American Dictionary



[countable, uncountable]
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 money that you have to pay to the government so that it can pay for public services. People pay tax according to their income, and businesses pay tax according to their profits. Tax is also often paid on goods and services to raise/cut taxes tax increases/cuts changes in tax rates to pay over $1,000 in taxes profits before/after taxes Income tax will be deducted by your employer. tax on something a tax on cigarettes Topic CollocationsThe Economymanaging the economy handle/run/manage the economy boost investment/spending/employment/growth stimulate demand/the economy/industry cut/reduce investment/spending/borrowing reduce/curb/control/keep down inflation create/fuel growth/demand/a boom/a bubble encourage/foster/promote/stimulate/stifle innovation/competition encourage/work with/compete with the private sector increase/boost/promote U.S./agricultural exports ban/restrict/block cheap/foreign imports the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming enjoy an economic/housing/property boomeconomic problems push up/drive up prices/costs/inflation damage/hurt/destroy industry/the economy cause/lead to/go into/avoid/escape recession experience/suffer a recession/downturn fight/combat inflation/deflation/unemployment cause/create inflation/poverty/unemployment create/burst a housing/stock market bubble cause/trigger a stock market crash/the collapse of the banking system face/be plunged into a financial/an economic crisis be caught in/experience cycles of boom and bustpublic finance cut/reduce/slash/increase/double the defense/education budget increase/boost/slash/cut public spending increase/raise/cut/lower/reduce taxes raise/cut/lower/reduce interest rates ease/loosen/tighten monetary policy balance the (state/federal) budget achieve/maintain a balanced budget run a ($4 trillion) budget deficit/surplus ⇨ more collocations at politics, voting see also direct tax, estate tax, indirect tax, inheritance tax, payroll tax, poll tax, sales tax, withholding tax Thesaurustaxduty customs duty/charge tariffThese are all words for money that you have to pay to the money that you have to pay to the government so that it can pay for public services:income tax sales tax tax cutsduty a tax that you pay on things that you buy, especially those that you bring into a country:The company has to pay duty on all imported merchandise.customs duty/charge tax that is paid when goods are brought in from other countriestariff a tax that is paid on goods coming into or going out of a country, often in order to protect industry from cheap imports:A general tariff was imposed on foreign imports.Patterns (a) tax/duty/tariff on something to pay an amount of money in tax/duty/customs duty to pay (a) tax/duty/customs duty/tariff/rates to collect taxes/duties to increase/raise/reduce taxes/duty/tariffs to cut taxes/duties to impose a tax/duty/tariff to put a tax/duty >on>something
See the Oxford Advanced Learner's Dictionary entry: tax