Basic Details
Word: Taxation
Part of Speech: Noun
Meaning: The process by which a government collects money from its citizens to pay for services and facilities.
Synonyms: Levy, assessment, tariff
Antonyms: N/A
Idioms and Phrases
- Taxing situation: A challenging or difficult scenario. Example: "Completing the project on time was a taxing situation, but we managed to pull through."
- Tax season: The time of year when individuals must prepare and submit their tax returns. Example: "During tax season, accountants are very busy helping clients with their finances."
Usage Examples
Example 1: Taxation is essential for governments to fund public services such as education and healthcare.
Example 2: Many people find tax returns confusing, especially when it comes to understanding the different types of taxation.
Example 3: The debate over taxation often centres around how to best use tax money for the benefit of all citizens.
Fun Fact
Did you know that the concept of taxation dates back to ancient civilisations? The Egyptians had a system of taxation as far back as 3000 BC to fund public works and services!
Famous Quote
"The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing." Jean-Baptiste Colbert
Multiple Choice Questions (MCQs)
1. What does "taxation" mean?
a) The process of giving money away
b) The process by which a government collects money
c) A type of loan
d) A method of saving money
Answer: b) The process by which a government collects money
2. Which of these is a synonym of "taxation"?
a) Free gift
b) Assessment
c) Donation
d) Sale
Answer: b) Assessment
3. Which word is the opposite of "taxation"?
a) Contribution
b) N/A
c) Payment
d) Fee
Answer: b) N/A
4. Which sentence uses "taxation" correctly?
a) Taxation is important for funding schools and hospitals.
b) Taxation is a type of fruit.
c) Taxation runs quickly.
d) Taxation danced at the party.
Answer: a) Taxation is important for funding schools and hospitals.
5. What does "tax season" refer to?
a) A time to celebrate taxes
b) The time of year for submitting tax returns
c) A season when taxes are not paid
d) None of the above
Answer: b) The time of year for submitting tax returns
