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9 votes
9 votes
What are taxes? in your own words ​

User TobyG
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2 Answers

16 votes
16 votes

Basically, just the government forcing us to give a small percentage of the money we make yearly, and when they end up with a little from every American, that ends up being billions of dollars that they can spend on stuff that benefits everyone- like healthcare, care for the elderly and disabled, and military stuff.

"Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare." -investopedia.com

User Sohil
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2.7k points
29 votes
29 votes

Answer:

Taxes are a small percentage of money taken out of your paycheck that is used to upgrade or reconstruct public areas.

Step-by-step explanation:

Hope this helped!

User Paul Woods
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