IPA: /ˈtæksˌpeɪɪŋ/
KK: /tæksˌpeɪɪŋ/
Describing a person or organization that pays taxes.
The taxpaying citizens contribute to the funding of public services.
Taxpaying → It is formed from "tax" (from Latin *taxare*, meaning to assess or estimate) and "paying" (from Old English *pægan*, meaning to give or render). The word "taxpaying" refers to the act of giving or rendering payment for assessed taxes.
Think of the act of 'assessing' ('tax') and 'giving' ('paying') money to support public services — that's what taxpaying means.