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Taxation
01
the system by which a government collects money from citizens and businesses to fund public services
Example
High taxation rates can discourage investment in businesses.
The government uses taxation to pay for infrastructure projects.
Taxation on goods and services is called sales tax.
02
charge against a citizen's person or property or activity for the support of government
03
government income due to taxation
Example
High taxation rates can discourage investment in businesses.
The government uses taxation to pay for infrastructure projects.
Taxation on goods and services is called sales tax.
Taxation allows the government to provide social welfare programs.
Taxation is necessary to fund public schools and hospitals.
