The ecstatic feeling liberal politicians receive upon raising your taxes, taking more of your hard earned money, or just generally pissing you off.
Nancy Pelosi supported a new spending bill and had a taxgasm knowing that average Americans would be footing the bill.
by LostMinnesotan June 17, 2010
A heightened state of excitement or ecstasy over the completion of any facet of the taxation process. Usually experienced by CPA's.
by mojoequik, fcoppin, jjensen, rbell March 15, 2006