tax

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tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Armey has introduced a bill that would replace the current income tax with a 17 percent flat tax.
If we move toward a consumption tax system, many state and local governments will equate consumption tax with sales tax, which they regard as being within their tax jurisdiction.
The purchaser must remit sales or use tax with the payment based on the jurisdictions where the supplier is registered and would have collected tax had an invoice been issued.