tax verb - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “tax”

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tax

verb [T]
 
 
/tæks/ TAX, FINANCE
to make people or businesses pay an amount of money to the government from the money they earn, or when they buy goods or services: The state does not tax food or clothing.tax sth as sth The profits from these investments are taxed as ordinary income.tax sth at (a rate of) sth Earnings above the current threshold are taxed at 50%.tax sb on sth Homeowners who sell land for development are taxed on the profit.tax sb/sth heavily/lightly The government may tax housing more heavily. Non-electrical machines are lightly taxed.
(Definition of tax verb from the Cambridge Business English Dictionary © Cambridge University Press)
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