Word TAX: meanings, synonyms & antonyms

tax

🇺🇸 [tæks]

Meanings

A compulsory financial charge imposed by governments on individuals or businesses to fund public services. Taxes are essential for maintaining infrastructure, healthcare, and education systems. They vary based on income, property, and transactions.

Examples

• She paid her income tax before the deadline.
• Property taxes are used to fund local services.
• Tax increases are often debated by politicians.

Synonyms

levy • duty • charge

Antonyms

exemption • subsidy • deduction