What is the difference between tax and levy?
tax | levy |
Money paid to the government other than for transaction-specific goods and services.
* {{quote-magazine, date=2013-05-17
, author=George Monbiot, authorlink=George Monbiot
, title=Money just makes the rich suffer
, volume=188, issue=23, page=19
, magazine=(The Guardian Weekly)
A burdensome demand.
A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.
(obsolete) charge; censure
(obsolete) A lesson to be learned.
To impose and collect a tax from (a person).
To impose and collect a tax on (something).
To make excessive demands on.
* Do not tax my patience.
* '>citation
To impose (a tax or fine) to collect monies due, or to confiscate property
To raise or collect by assessment; to exact by authority.
* Shakespeare
To draft someone into military service
To raise; to collect; said of troops, to form into an army by enrolment, conscription. etc.
* Fuller
To wage war
To raise, as a siege.
(legal) To erect, build, or set up; to make or construct; to raise or cast up.
The act of levying.
* Thirlwall
The tax, property or people so levied.
* Macaulay
(US, obsolete, Pennsylvania, Maryland, Virginia) The Spanish real of one eighth of a dollar, valued at elevenpence when the dollar was rated at seven shillings and sixpence.
Levy is a synonym of tax.
As nouns the difference between tax and levy
is that tax is money paid to the government other than for transaction-specific goods and services while levy is the act of levying.As verbs the difference between tax and levy
is that tax is to impose and collect a tax from (a person) while levy is to impose (a tax or fine) to collect monies due, or to confiscate property.tax
English
(wikipedia tax)Noun
citation, passage=In order to grant the rich these pleasures, the social contract is reconfigured. […] Essential public services are cut so that the rich may pay less tax . The public realm is privatised, the regulations restraining the ultra-wealthy and the companies they control are abandoned, and Edwardian levels of inequality are almost fetishised.}}
- a heavy tax on time or health
- (Clarendon)
- (Johnson)
Synonyms
* (money paid to government) impost, tribute, contribution, duty, toll, rate, assessment. exaction, custom, demand, levyAntonyms
* (money paid to government) subsidyHyponyms
(types of taxes) * church tax * corporation tax * duty * estate tax * excise * excise tax * gift tax * goods and services tax * gross receipts tax * head tax * income tax * inheritance tax * land tax * poll tax * property tax * personal property tax * real property tax * sales tax * sin tax * sumptuary tax * transfer tax * use tax * utilities tax * value added taxCoordinate terms
(other government revenues) * fine * license fee * penalty * seignorage * user chargeDerived terms
* tax collector * tax haven * tax hike * taxman * tax free * tax rise * taxes due * taxpayerVerb
(es)- Some think to tax the wealthy is the fairest.
- Some think to tax wealth is destructive of a private sector.
Derived terms
* taxable * taxationlevy
English
Etymology 1
From (etyl) leve'', from (etyl) ''levee'', from ''lever "to raise".Verb
(en-verb)- to levy a tax
- If they do this my ransom, then, / Will soon be levied .
- Augustine inflamed Ethelbert, king of Kent, to levy his power, and to war against them.
- (Holland)
- to levy a mill, dike, ditch, a nuisance, etc.
- (Cowell)
Noun
(levies)- A levy of all the men left under sixty.
- The Irish levies .