Tax

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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March 30, 2014