Meaning & Definition of word "Taxpayer"
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Taxpayer
/ˈtækˌspeɪər/
noun:
- 1. An individual or entity that is subject to taxation by a governmental authority.
- Example: As a taxpayer, John is responsible for filing his income tax return every year.
- 2. A person who pays taxes to support government services and programs.
- Example: The new legislation aims to reduce the burden on the average taxpayer.
- 3. Anyone whose income or profits are taxed by the government.
- Example: The government conducts audits to ensure that every taxpayer complies with tax laws.
- 4. A corporate entity that pays taxes as prescribed by law.
- Example: The corporation was recognized as a good taxpayer due to its timely payments and accurate reporting.
Etymology
The term taxpayer is a compound of 'tax,' derived from the Middle English 'taxe,' and 'payer,' from Old French 'paier.'
Common Phrases and Expressions
taxpayer dollars:
The money collected from taxpayers that is used for public services.
taxpayer-funded:
Referring to services or projects financed by taxpayer contributions.
Related Words
tax:
A mandatory financial charge imposed by a government.
taxation:
The process by which a government collects taxes.
refund:
A reimbursement for overpaid taxes.
Slang Meanings of taxpayer
Meaning: Uncle Sam's paycheck
Example Sentence: He feels like every dollar he earns is just Uncle Sam's paycheck.
Meaning: The taxman
Example Sentence: When it comes time to file, everyone fears the taxman.