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Taxation | Definition, Purpose, Importance, Types | Britannica Money Taxation is the imposition of compulsory levies on individuals or entities by governments in almost every country of the world Taxation is used primarily to raise revenue for government expenditures, though it can serve other purposes as well
Tax - Wikipedia In economic terms (circular flow of income), taxation transfers wealth from households or businesses to the government This affects economic growth and welfare, which can be increased (known as fiscal multiplier) or decreased (known as excess burden of taxation)
Taxation: What It Is, How It Works, Types, and Examples Taxation refers to the process through which a government imposes financial obligations on its citizens and entities, collecting revenue to finance public services, infrastructure development, and various government initiatives
Taxes | California Tax Service Center Welcome to the California Tax Service Center, sponsored by the California Federal-State Partnership Our partner agencies include the Board of Equalization, the California Department of Tax and Fee Administration, the Employment Development Department, the Franchise Tax Board, and the Internal Revenue Service EDD
Tax Basics: A Beginners Guide to U. S. Federal Taxes While all of your income is subject to tax, Congress lets taxpayers lower their tax bill through tax breaks that allow them to exclude a portion of their income from taxation