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tax:

a mandatory means of transferring a portion of wealth, value, earnings, assets, and/or money from available sources into a government revenue stream—see the definition of revenue stream provided by WiseGEEK.com. Taxes are typically levied on the movement of money, the increase in the value of things, such as property, as well as what people earn. A tax is levied by a taxing authority or some other overseer of a domain.

Taxation can be burdensome. It undoubtedly contributes to redistribution of wealth. Politicized semantics frustrates further defining tax and taxation here. For more comment, however, you may want to read the Tax Foundation.org article titled: What is a tax?

To put tax and taxation into the context of enterprise and economic development it is suggested that you take a look at table 15 of the Site Selection Data Standards published by the International Economic Development Council (IEDC). Many of the data elements listed throughout the IEDC spreadsheets translate into location data categories .network users find at the websites of places seeking economic development and as headers for sections of information in community profiles. The header or data category, taxes and incentives, is one example. Government typically supports economic development because it expands the tax base within its taxing authority jurisdiction.

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related: tax base; tax levy; tax shelter; tax package; tax map; tax incentive; TIF

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FYI: definition of tax define tax define taxes define taxing define taxation definition of taxing authority define tax authority define taxes and incentives define tax incentives that encourage economic development define tax incentives to encourage economic development define tax incentives for economic development definition of taxation definition of taxing authority definition of tax authority definition of taxes and incentives definition of tax incentives that encourage economic development definition of tax incentives to encourage economic development definition of tax incentives for economic development

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Economic Development Services, Inc. / copyrights and all rights reserved / 07/01/2012