Nolo's Plain-English Law Dictionary
Need Professional Help? Talk to a Lawyer
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
- Tax
- A governmental assessment upon property value, transactions (transfers and sales), licenses granting a right, and income. A tax levied directly on income or property is a direct tax. A tax levied on the price of goods or services is an indirect tax. The government uses tax revenues to finance public services and goods, such as building highways and schools.


