Taxation of government definition




tax: A fee charged ("levied") by a government on a product, income, or activity. The process whereby charges are imposed on individuals or property by the legislative branch of the federal government and by many state governments to raise funds for public purposes. . the proposed reforms to taxation. If tax is levied on the price of a good or service, then it is called an indirect tax. See more. One of the most important uses A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. tax revenue from a specific source should be dedicated to a specific purpose only when there is a direct cost-and-benefit link between the tax source and the expenditure, Tax definition, a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. If tax is levied directly on personal or corporate income, then it is a direct tax. The purpose of taxation is to finance government expenditure. (an amount of) money paid to the government that is based on your income or the cost of goods or…. It is an example of the concept of fixed tax. The term "taxation" applies to all types of involuntary levies, from income to capital gains to Taxation. Definition of taxation principles: Basic concepts by which a government is meant to be guided in designing and implementing an equitable taxation regime. taxation: 1 n the imposition of taxes; the practice of the government in levying taxes on the subjects of a state Type of: imposition , infliction the act of imposing something (as a tax or an embargo) n charge against a citizen's person or property or activity for the support of government Synonyms: revenue enhancement , tax Types: show 30 tax definition: 1. Taxation, imposition of compulsory levies on individuals or entities by governments. 30:11–16) was a form of poll tax. Taxation is a term for when a taxing authority, usually a government, levies or imposes a tax. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. Learn more about taxation in this article. 12/02/2020 · Taxation definition: Taxation is the system by which a government takes money from people and spends it on | Meaning, pronunciation, Taxation is when a government takes money from people and spends it on things such as education, health, and defence. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. Learn more


 
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