Word of the Day: Tax

Tax/taks

noun:
1.  a sum of money collected by a governing body from individuals and/or certain businesses; payment based on income, material possessions, property value and/or sales transactions
“A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.” -Russell B. Long (1969 – 2003)

2.  a substantial burden or challenging request
“I hate paying taxes. But I love the civilization they give me.” – Oliver Wendell Holmes Sr. (1809-1894)

verb:
1.  to collect payment from individuals or certain organizations proportionate to their income, material possessions, property value and/or sales transactions.
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Winston Churchill (1908-1965)

2.  to demand or burden someone with a challenging request
“I come into the peace of wild things who do not tax their lives with forethought of grief… For a time I rest in the grace of the world, and am free.” – Wendell Berry (1934- )