Meaning

noun charge against a citizen's person or property or activity for the support of government

noun government income due to taxation

noun the imposition of taxes; the practice of the government in levying taxes on the subjects of a state

originFrom Middle English taxacioun, from Anglo-Norman taxacion, from Latin taxātio (“rating, appraisal”). By surface analysis, tax + -ation.

Etymology from Wiktionary, CC BY-SA 3.0