Taxpayer

Definition

A taxpayer is an individual or entity that is obligated to pay taxes to a governmental organization. The term encompasses a wide range of individuals, from those employed by others, self-employed individuals, to corporations and other legal entities.

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /ˈtæksˌpeɪər/
• Respelling: TAX-pay-er (with "TAX" as in "tax," "pay" as in "pay," and "er" as in "her")

British English

• IPA Pronunciation: /ˈtæksˌpeɪə/
• Respelling: TAX-pay-uh (similar to American English, with "TAX" as in "tax," "pay" like in "pay," and "uh" as a softer version of "er")

In both dialects, "taxpayer" is pronounced with the primary stress on the first syllable, "TAX." The pronunciation is consistent across both American and British English, with the main difference being the final sound, which is more pronounced as "er" in American English and as a softer "uh" in British English.

Etymology

The word "taxpayer" is a compound word formed from "tax," which comes from the Latin taxare (to assess), and "payer," from the Old French paiier (to pay).

Derivatives

• Taxpaying (adjective, noun)
• Nontaxpayer (noun)
• Taxpayer-funded (adjective)
• Taxpayer-subsidized (adjective)
• Taxpayer-owned (adjective)

Synonyms

• Contributor
• Paymaster
• Revenue payer

Antonyms

• Tax exempt
• Nontaxpayer
• Tax evader

Usage

The term "taxpayer" is utilized in various financial, legal, and governmental contexts to refer to those individuals or entities obliged to pay taxes. It's a common term used in tax law, public finance, and discussions on government funding and spending.

Related Terms

• Taxation
• Tax code
• Tax bracket
• Tax liability
• Tax refund

Detailed Definition

Noun

• Individual Taxpayer: An individual person who pays taxes to a governmental body, typically income tax.
• Example: Every taxpayer is eligible for certain deductions, which can lower their taxable income.

• Corporate Taxpayer: A legal entity, like a corporation, that is obliged to pay taxes, often on income, to governmental bodies.
• Example: Corporate taxpayers often have a complex set of regulations to follow when filing their tax returns.

• Entity Taxpayer: Any organization, not limited to corporations, obligated to pay taxes to the government.
• Example: As an entity taxpayer, the nonprofit organization is required to file a specific tax form annually.