This phrase can be broken up into two parts. "Tax That Ass" is to have sex with a female in a manner that depletes the energy of the female; in a sense, "taxing" her stamina. The second part, "Like Woah," emphasizes the taxing of the ass.
by Markobrad October 18, 2006

by uhhhhhhhhhh!! August 6, 2010

"My plan will require us to come together and make up the additional savings with more spending cuts and more spending reductions in the tax code." -President Obama is his deficit speech on 4/13/2011.
by justiferous May 6, 2011

by frsky May 30, 2008

When the best people in the world who happen to be people of all races, creeds, colors, amounts of wealth, and ages get together on April 15th to protest big government, over spending, and over taxing by the liberal government that plagues our country.
I was overwhelmed by the number of people that feel the same way as me when I attended a Tax Day Tea Party protesting the retardation of the Obama Administration.
by tdtp09 April 18, 2009

Slang for taking a shit.
by Daniel and Erik August 6, 2007
