Usage Note
Impôt refers to a direct tax levied by the state, most commonly l'impôt sur le revenu (income tax). It differs from taxe (indirect tax, e.g. VAT) and cotisation (social-security contribution). The plural impôts is often used colloquially to mean the tax authorities or one's annual tax return: je fais mes impôts (I'm doing my taxes).
Examples
"Il paie ses impôts chaque année."
Natural Translation
He pays his taxes every year.

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