tax
DefinitionA fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.
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tax is ...
... part of the Taxes and Investor Relations subjects.
... part of the Taxes and Investor Relations subjects.
... an essential investing term.
Related Terms
after-tax, after-tax contributions, Alternative Minimum Tax, back taxes, before-tax income, pre-tax profit margin, capital gains tax, consolidated tax return, EBIT, effective tax rate and
tax appears in these other terms
Economic Recovery Tax Act of 1981, Earnings Before Interest and Taxes, proportional tax, tax audit, separate tax returns, tax-free bond fund, taxable income, break-even tax rate, tax loss carryback, tax deferral and
tax appears in the definitions of these other terms on BusinessDictionary.com
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