taxation-n; 3 Senses

Sense Number 1: citizen payment

Commentary: The charge that a government levies on its citizens. Does not refer to any specific incidence of taxation. Discussions of the level of taxation (the actual charge on citizens) typically use to this sense.

The United States has a ridiculously complicated system of taxation.
No taxation without representation!
I work at the New York Department of Taxation.
We discussed the taxation of securities funds and its effect on Wall Street.
The European Union discussed arrangements for the taxation of energy usage.
The French government decided to increase its taxation of imports.

WordNet 2.0 Sense Numbers: 1

Sense Number 2: imposing a tax

Commentary: TAXATION[+event] A specific incidence of taxation. The actual levying or imposition of a tax. Something that can happen, begin, or end.

Several years ago, the government began the taxation of cigarettes.
The King's taxation of his peasants usually occurred on the first of every month.
The discontent of the colonists effectively ended the government's taxation of tea.

WordNet 2.0 Sense Numbers: 3

Sense Number 3: actual money

Commentary: The money that a government collects by taxing its citizens. Tax income.

For years, the government has been extracting taxation from its citizens.
Your taxation pays the salary of every Congressman in Washington.

WordNet 2.0 Sense Numbers: 2