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Articles MINIMUM ALTERNATE TAX ( MAT ) Minimum Alternate Tax (MAT) (Chapter- . ( Mat Provisions #5)

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TAX

tax (taks),USA pronunciation n. 
  1. a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
  2. a burdensome charge, obligation, duty, or demand.

v.t. 
  1. (of a government)
    • to demand a tax from (a person, business, etc.).
    • to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved.
  2. to lay a burden on;
    make serious demands on: to tax one's resources.
  3. to take to task;
    censure;
    reprove;
    accuse: to tax one with laziness.
  4. to charge: What did he tax you for that?
  5. [Archaic.]to estimate or determine the amount or value of.

v.i. 
  1. to levy taxes.
taxer, n. 
taxing•ly, adv. 
taxless, adj. 
taxless•ly, adv. 
taxless•ness, n. 

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