Webverb [ T ] us / ˈlev.i / uk / ˈlev.i /. (of a government or organization) to demand an amount of money, such as a tax, from a person or organization: A new tax was levied on consumers … WebMar 7, 2024 · The first permanent federal income tax was levied in 1913: the schedule consisted of seven brackets, with rates ranging from 1%, on the first $20,000 of income, to 6% on income exceeding...

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Webverb levies, levying or levied (tr) to impose and collect (a tax, tariff, fine, etc) to conscript troops for service to seize or attach (property) in accordance with the judgment of a court … Web4If, however, a levy which is considered as non-tax revenue by most countries is regarded as a tax, or raises substantial revenue, in one or more countries, the amounts collected are footnoted at the end of the relevant country tables, even though the amounts are not included in total tax revenues. 5Names, however, can frequently be misleading. olly murs und tom jones

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Webn., pl. lev•ies, n. 1. an imposing or collecting, as of a tax, by authority or force. 2. the amount owed or collected. 3. the conscription of troops. 4. the troops conscripted. v.t. 5. to … WebA tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a tax liability. The levy "includes the power of distraint and seizure by any means". [1] WebApr 9, 2024 · noun. politics, tax. the amount of money charged as taxation on particular assets or goods. All panners must have a licence and pay a 10 per cent tax levy on gold … safeaire fume hood manual