taxpayer
noun
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Definition of taxpayer
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Examples of taxpayer in a Sentence
Recent Examples on the Web
The lawmakers, including two presidential candidates, Sens. Amy Klobuchar (Minn.) and Kirsten Gillibrand (N.Y.), objected to American taxpayer funds aiding foreign companies. — David J. Lynch, Washington Post, "With ‘America First’, some foreign companies in the U.S. fear Trump is putting them last," 19 Aug. 2019 The renovations are another sign that Virgin Galactic is preparing to open for business at Spaceport America, a controversial facility that was built a decade ago using local taxpayer dollars. — Jackie Wattles, CNN, "Virgin Galactic unveils luxury lounge at its airport for space tourism," 15 Aug. 2019 This could likely be because of the current political climate where there is no love lost for politicians in general and there is also a major campaign underway to downsize parliament given the high costs to taxpayers. — Ciku Kimeria, Quartz Africa, "Kenyan politics is a boys’ game, but women are fighting hard for their rightful seat at the table," 12 Aug. 2019 Lee has raised more money than Lundquist in the race, but Lundquist has made up some of that gap with taxpayer matching funds from the city. — Emily Alpert Reyes, Los Angeles Times, "Breaking up the status quo at L.A. City Hall? Both of these candidates argue they’ll do it," 5 Aug. 2019 Gun buybacks are financed by taxpayer dollars and are generally paid for by local agencies rather than through state or federal funding. — Lacey Wallace, The Conversation, "Could a national gun buyback program reduce the 393 million guns on America’s streets?," 4 Aug. 2019 Posey, a Republican, is running on a platform of protecting taxpayer dollars, improving public safety and addressing the homelessness epidemic, according to his campaign Facebook page. — Daily Pilot, "Political Landscape: H.B. councilman announces run for O.C. Board of Supervisors," 25 July 2019 Allowing valuable information to fall through the cracks is a waste of taxpayer dollars and could prevent science from being included in policy decisions, said Joel Clement, a former climate staffer for Interior. — Scott Waldman, Scientific American, "Trump Administration Officials Scrubbed Climate Change from Press Releases," 8 July 2019 Maryland today uses taxpayer dollars to provide for the cross’ upkeep. — Matt Ford, The New Republic, "Neil Gorsuch Scorns the “Offended” Atheists," 21 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'taxpayer.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for taxpayer
taxpayer
nounFinancial Definition of taxpayer
What It Is
A taxpayer is a person or organization that must pay taxes to a federal, state, or local agency.
How It Works
For example, let's assume that Jane is an employee of Company XYZ. She earns $150,000 per year.
In addition to paying federal income taxes, unemployment taxes, Social Security taxes, and Medicare taxes, Jane will likely owe state and local income taxes, all of which will be withheld from her paycheck. When she receives her after-tax paycheck, she might spend it on gas for her car, groceries, clothes and utilities, all of which trigger more tax payments (in the form of sales, excise, gas and other taxes).
Why It Matters
Virtually every human being in America is a taxpayer at some point, even if he or she does not file an IRS Form 1040 or pay federal income taxes. People pay taxes when they pay their phone bills, buy airline tickets, use toll roads, buy gasoline, rent hotel rooms, get a fishing license or engage in other everyday activities. Children even pay sales taxes when they buy candy with allowance money.
It is important to note that for tax purposes, business entities are also taxpayers, which means their revenues and expenditures are subject to taxation.
Source: Investing Answers
taxpayer
noun
English Language Learners Definition of taxpayer
See the full definition for taxpayer in the English Language Learners Dictionary
taxpayer
noun
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Kids Definition of taxpayer
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taxpayer
nounLegal Definition of taxpayer
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