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the percentage of the value of a property to be paid as a tax.
the percentage of income, wealth, etc, assessed as payable in taxation


Read Also:

  • Tax relief

    noun 1. a reduction in the amount of tax a person or company has to pay

  • Tax-return

    noun 1. return (def 24). noun 1. a declaration of personal income made annually to the tax authorities and used as a basis for assessing an individual’s liability for taxation

  • Tax-sale

    noun 1. the sale of real property, as land, usually at auction by a public authority, in order to pay delinquent taxes assessed upon its owner.

  • Tax-shelter

    noun 1. any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due. noun 1. (commerce) a form into which business or financial activities may be organized to minimize taxation tax shelter definition A type of investment that allows a reduction in one’s taxable income. […]

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