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tax system

tax system

30 3.6
Rules a government uses to set and collect taxes from people and businesses
  • noun
  • /tæks ˈsɪstəm/
translation icon : sistema fiscal
  • The tax system in this country is designed to ensure that everyone pays their fair share.
  • income tax system
  • federal tax system
  • current tax system

And this is basically a completely absurd tax system which we don't have to use.

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Examples

  • And then another way that government can act is through changing prices, using the tax system to change prices.

  • We also have a tax system that favors debt over equity, which tends to make our companies much more fragile.

  • The American tax system was built by Rich Father Rich.

  • We will create a tax system that is fair, which is related to ability to pay.

  • The Tax Foundation has information on each state's tax system as well as a ranking system.

    Blog text (6)
  • The structure of the tax system, including the tax mix, also affects the environment for innovation.

    Academic text (1993)
  • Nevada's got a great corporate tax system.

  • However, clearly, attention is required to ensure that the tax system does not discourage saving behavior.

    Academic text (1993)
  • In addition, the tax system may also be more effective in encouraging long-term research.

    Academic text (1993)
  • Government intervention in the economy can be fostered or effected through the tax system.

    Academic text (1993)

Synonyms

taxation
vstax system
80 4.0

A system for making people and businesses pay money to the government

focuses on rules and procedures rather than just the act or amount
tax law
vstax system
  • Specialized
25 2.9

Rules that tell how governments set and collect taxes

includes both those rules and the procedures for applying them
tax program
vstax system
  • Formal
2 3.4

A government's plan for how it sets and collects taxes

is broader covering rules and procedures rather than a single plan

How Complex

tax system
30 3.6
tax law
  • Specialized
25 2.9
single tax
  • Specialized
1 7.5

Surface Forms

tax system singular
tax systems plural

Morphology

tax + system

The meaning is directly and transparently derived from combining 'tax' (a government charge) with 'system' (a formal set of rules or procedures) to denote the set of rules for assessing and collecting taxes. This noun–noun compositional pattern is common cross-linguistically and would be immediately understandable to a B1 learner who knows both constituents.

Etymology

Tax system comes from the simple idea of two parts: tax (money people pay to the government) and system (a set of connected rules or parts). Think of a machine or team that follows steps to collect money, so tax system means the laws and steps a government uses 'to collect taxes'.