What Is Taxation?


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
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
The. revenue. (money) raised by taxes.
Countries across the world tend to tax income based on two principles - (1) source of income i.e. on the basis that any income is generated in that particular country, and (2) residence
2 Additional Answers
Ask.com Answer for: what is taxation
the act of taxing.
the fact of being taxed.
a tax imposed.
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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