TaxesDefinition (http://en.wikipedia.org/wiki/Tax) A tax (from the Latin taxo; "I estimate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. (Wikipedia) Preferred Units: N/A Scope Note: N/A This term is used for the following terms: N/A Approved Date 21-Dec-2012 Click here to give feedback on this term or suggest an update. |