Definition

The process of collecting money from individuals or businesses by the government to pay for public services and programs.

Example

Taxation is essential for funding schools, roads, and hospitals.

Conversation

Have you ever thought about how taxation affects our daily lives?

Yeah, it's interesting to see where all that money goes.

Exactly! I mean, taxation helps fund schools and roads, right?

For sure, but sometimes I wish it was a bit lower!

Synonyms & Antonyms

Root Explanation

Taxation → It is formed from "taxa" (from Latin, meaning a charge or assessment) and "-tion" (a suffix used to form nouns indicating an action or condition). The word "taxation" refers to the action or process of imposing a charge or assessment, typically by a government.

Memory Tip

Think of a 'charge' ('taxa') that is imposed as an 'action' ('-tion') by the government — that's what taxation means.

Visually Confused Words