Answer Posted / trilok sharma
A tax is an involuntary fee - or, more
precisely, "unrequited payment" - paid by individuals or
businesses to a government (central or local). Taxes may be
paid in cash or kind (although payments in kind may not
always be allowed or classified as taxes in all systems).
The means of taxation, and the uses to which the funds
raised through taxation should be put, are a matter of hot
dispute between political parties and economic theorists,
so discussions of taxation are frequently tendentious.
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