March 30, 2014 - Word of the Day: tax
A tax is a percentage of money paid to the government by businesses, consumers, and individuals. The money that is collected pays for services that we all need: police protection, emergency services, road construction, schools, public heath, etcetera.
- Many people don't like to pay taxes.
- The Internal Revenue Service (IRS) collects taxes for the federal government.
- My neighbor says he's going to stop paying his taxes, but then he'll risk going to prison for tax evasion.
- There's a six-and-a-half percent tax on goods sold in this state.
- Taxes vary from one state to another.
- Property taxes collected in the state where I live help pay for public schools.
- Taxes are due on April 15 every year.
- A refund is sent out if you pay too much in taxes.
- An accountant can help you with your taxes if you aren't sure what to do.
In these sentences, the word "tax" is a verb:
- The government taxes your purchases.
- You are taxed on your purchases by the government. (This sentence is in the passive voice.)
- Some people feel like they are taxed too much.
- Others feel as though they aren't taxed enough.
A tax cut reduces taxes paid by tax payers.
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