What Is Taxation?

Answer

Taxation is a way through which government finances its spending by imposing some charges on its citizens and business entities. It uses taxation to promote or discourage certain financial decisions. It is a way of raising revenue by the government.
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Taxation is used to raise revenue which funds essential government operations such as infrastructure projects, the military and educational systems. Many governments (including the
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it is a man with taxes
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Taxation in its most essential form is based on the notion that individual citizens "sign" a contract that gives moral legitimacy to a governing body. Why would someone
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Taxation:1:charge against a citizen's person or property or activity for the support of government;
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Ask.com Answer for: what is taxation
tax·a·tion
[tak-sey-shuhn]
NOUN
1.
the act of taxing.
2.
the fact of being taxed.
3.
a tax imposed.
4.
the revenue raised by taxes.
Source: Dictionary.com
Taxation refers to the charge against a citizen's person income or property or activity for the support of government activities.
Explore this Topic
The purpose of taxation is to raise revenues for the functioning and running of the government machineries. Taxation also improves the services the government ...
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