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Tax: Definition, Sentence, example and a picture

User Vajrakumar
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Definition:

A tax is a compulsory financial charge or levy imposed on a taxpayer (an individual or legal entity) by the government to fund public services and goods. This includes things like infrastructure, education, healthcare, defense, and social welfare programs.

Sentence:

"Paying taxes is an important civic duty as it contributes to the well-being of our society."

Example:

Income tax: A percentage of your earned income that you pay to the government.

Sales tax: A tax added to the price of goods and services when you purchase them.

Property tax: A tax levied on the value of your real estate.

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Tax: Definition, Sentence, example and a picture-example-1
User Krishna Kachhela
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