186k views
0 votes
What's does it mean to levy a tax

2 Answers

2 votes
The act of charging a tax is also known as "levying" a tax. Hope this helps.
User Nishit Zinzuvadiya
by
8.5k points
2 votes

Answer:

The noun levy refers to a charge, and the verb levy describes the action of collecting or imposing that charge. One of the collection mechanisms used by taxing authorities -such as the Internal Revenue Services (IRS)- is to levy taxes, or collect taxes, on property, land, capital, etc. so as to raise money.

User Kike
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.