tax(1) (iou) and Equalized Tire - Motor Sports (gambling)

tax(1) (iou)

tax noun. [taks] ME.
[from the verb.]
A contribution to State revenue, compulsorily levied on people, businesses, property, income, Commodities, transactions, etc. Freq. with specifying word. ME.
corporation tax, income tax, inheritance tax, poll tax, property tax, window tax, etc.
R. Pilcher All of this..will be subject to duties and tax. European Investor A tax of 0.5 per cent on the net assets.
A task; a piece of work assigned to a person; a lesson. rare. LME-L17.
An oppressive or burdensome obligation or duty; a burden, a strain, a heavy demand. E17.
A charge, an accusation; censure. E-M17.
Phrases: capital transfer tax: see CAPITAL adjective & noun2. direct tax: see DIRECT adjective. INSPECTOR of taxes. negative income tax: see INCOME noun1. SELECTIVE Employment tax. value added tax: see VALUE noun.
Comb.: tax allowance a sum to be deducted from gross income in the calculation of taxable income; tax avoidance the arrangement of financial affairs to reduce tax liability within the law; tax bite N. Amer. colloq. an amount that one is compelled to pay as tax; tax-book a list of property subject to taxation, with the amount payable; tax bracket a range of incomes taxed at a given rate; tax break colloq. (orig. US) a tax advantage or concession allowed by government; tax code a code number assigned by tax authorities representing the tax-free part of an employee's income; tax collector an official who receives money due as taxes; tax credit a sum that can be offset against a tax liability; spec. one resulting in a payment to any person whose liability is less than this sum; tax-deductible: see DEDUCTIBLE adjective; tax deduction a deduction that may be made from one's tax or taxable income; tax disc a circular label displayed in the window of a motor vehicle certifying payment of motor vehicle excise duty; tax-dodger colloq. a person who practises tax avoidance or tax evasion; tax dollar N. Amer. a dollar paid as tax; tax-eater (now chiefly US) a person supported from the public revenue; tax-eating adjective (chiefly US) of, pertaining to, or characteristic of a tax-eater; tax-evader a person who practises tax evasion; tax evasion the illegal non-payment or underpayment of income tax; tax-exempt adjective & noun (a) adjective free from a liability to be taxed; (b) noun a tax-exempt Security; tax exemption freedom from a liability to be taxed; tax exile a person who lives in a country etc. chosen for its lower taxes on personal income; the state of living in a country etc. chosen for its lower taxes on personal income; tax-free adjective not liable to be taxed; tax gatherer arch. a collector of taxes; tax haven a country etc. where income tax is low; tax holiday colloq. a period of tax exemption or tax reduction, esp. one of fixed duration; tax inspector = INSPECTOR of taxes; tax-loss a loss that can be offset against taxable profit earned elsewhere or in a different period; taxman an inspector or collector of taxes; the Board of Inland Revenue personified; taxpayer (a) a person who pays a tax or taxes; a person liable to taxation; (b) US colloq. a building just large enough to generate income sufficient for its expenses; any small building; tax point the date on which value added tax becomes chargeable in any particular transaction; tax relief remission of a proportion of income tax; tax return a declaration of income for taxation purposes; tax shelter a means of organizing business affairs to reduce tax liability; tax-sheltered adjective providing a tax shelter; tax-taker arch. a tax-collector; tax threshold the level of income at which tax begins to be payable; tax year a year as reckoned for taxation (in Britain reckoned from 6 April).
taxless adjective free from taxes or taxation; untaxed: E17.

Equalized Tire - Motor Sports (gambling)

A tire in which the pressure between the inner tube and the outside wall have become equal. A problem for the driver that requires immediate attention.

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