👉 Taxatively is a phrase that refers to a method of accounting where a person or entity pays taxes in advance, typically before they receive any income. This can be done through deductions for expenses such as rent or mortgage payments, and by withholding taxes from future earnings. For example, if you have a monthly salary of $5000 and you are required to pay the sum of 3% tax on your income, you would first calculate how much you owe (which is 1.5
