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verb, or noun.
To get high when smoking spice. The legal and effective pot substitute that does will not show up on a U/A. Its a plant like substance that you can buy legally at smoke shops, where you pay tax at the time of purchase.
"got taxed last night, laughed until i passed out."
Taxed by boldzero December 8, 2010
To have something stolen from you. Especially if you just had it out and wanted to use it.
Lucy- Can I buy some weed?
Dan- sure, I get plenty. see?
Lucy- wow, may I see that
Dan- Sure pick the one you like
Lucy- Idiot, youve just been taxed!
Dan- Damnit!
taxed by Kailua boy January 31, 2004
Charged an extra amount for being a kusty
He chafed me out for so long when i finally met up with him he got taxed.
taxed by Pinky Eaton December 30, 2003
1)To legally steal. Used among friends to ensure items of value.

Eg: Seats, food, game controls, drinks

2)Exactly like Yoink, or Stolen, except this is fresh.
B Rad: Man this is a good biscuit
*Bettsy steals bisuit and shoves it into his mouth*
Bettsy: Taxed! (Through a mouthful of biscuit)
Taxed by Bettsy@Tnnm September 8, 2007
1.Overpay fo an item
2.To have something stolen by authoritive figures in order to keep your freedom (CANT KEEP ME IN THE ACJ)
Ey yo, dat cop taxed da shit outa me.
A police officer of the law took money and/or drugs without your permission.
I jus got taxed on this dub sac yo
I was overcharged for this sandwich baggy with marijuana buds in it.
taxed by Jweazy October 1, 2005
In the world of modern musical arrangement, to have taxed another artist or band means to have used a blatant sample, ripped off melody, etc.
I just hit the record shop, these motherfuckers are getting taxed.
taxed by Senor_Toast April 24, 2007