DEFINITION of 'Taxpayer'

An individual or entity that is obligated to make payments to municipal or government taxation agencies. The term taxpayer generally describes one who pays taxes. Taxes can exist in the form of income taxes as required by Federal and state governments and property taxes imposed on owners of real property (such as homes and vehicles) by municipal governments, along with many other forms.


Nearly all adults in the United States are subject to some form of taxation and, therefore, most adults are taxpayers. The term taxpayer often refers to the workforce of a country who pays for government projects through taxation. Nearly all government-funded projects are funded by the taxpayers, which can cause some controversy depending on the project.

  1. Income Tax

    A tax that governments impose on financial income generated by ...
  2. Property Tax

    A tax assessed on real estate by the local government. The tax ...
  3. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  4. Federal Tax Brackets

    Income tax groupings specified by the Internal Revenue Service ...
  5. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
  6. Letter of Intent - LOI

    A document outlining the terms of an agreement before it is finalized. ...
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