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.
Q&A Related to "What Is Taxation"
Taxation is the process of charging a percentage of money from income, consumer goods, etc. for the government. These taxes are automatically deducted from your paycheck, or when
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Income or loss from rental real estate and royalties is reported on Part I of Schedule E. Expenses and operating costs are deducted from the rental receipts and other income to determine
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The. revenue. (money) raised by taxes.
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2 Additional Answers
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.
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