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LSDefine
Simple English definitions for legal terms
taxpayer
Read a random definition: loss-of-use exclusion
A quick definition of taxpayer:
Term: TAXPAYER
Definition: A taxpayer is someone who has to pay money to the government. This money is called a tax. Everyone who earns money or buys things has to pay taxes. The government uses this money to pay for things like schools, roads, and hospitals.
A more thorough explanation:
Definition: A taxpayer is a person or entity that pays or is required to pay taxes to the government.
Examples:
- Individuals who earn income from a job or investments are taxpayers and must file a tax return each year.
- Businesses that make a profit are also taxpayers and must pay taxes on their earnings.
- Property owners are taxpayers and must pay property taxes to their local government.
The examples illustrate the definition of a taxpayer by showing different types of individuals and entities that are required to pay taxes. Whether it's income tax, corporate tax, or property tax, anyone who earns income or owns property is considered a taxpayer and must fulfill their tax obligations to the government.