noun
taxation
tak-SAY-shun/tækˈseɪʃn/
The imposition of government taxes.
A clerk collects a taxpayer's payment as part of government taxation.

Etymology
Taxare and the action-noun ending formed a word meaning a rating, valuation, or appraisal. Its governmental use focuses on imposing assessed charges, yielding the sense of the tax-collection process.
In context
what would that taxation system look like well I mean it would it would mean that that rich people paid more in taxes
More examples
- The proposal increases taxation on luxury goods.
- Local schools receive much of their funding through taxation.
- The agreement prevents double taxation of income earned abroad.
Forms
tax verb — To impose a government charge on.
taxable adjective — Subject to taxes imposed by government.
Similar words
- levy
- Often refers to imposing one specific tax or charge.
- assessment
- Focuses on determining taxes owed rather than imposing taxes generally.