Tax is amandatory financial charge imposed by governments on individuals and businesses to fund public services. Learn about different types of taxes, income, corporate, sales, and property, how they are calculated, and their impact on budgeting, compliance, and financial planning. TAXdefinition: 1. (an amount of) money paid to the government that is based on your income or the cost of goods or…. Learn more. Ataxis a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. [1] . Sep 10, 2025 ·Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.Taxrevenues finance government activities, including public...
