Question

After the French and Indian War, the British started taxing the colonists in North America, so that they could help pay for the cost of the war. o What are taxes?

Answer 1

Taxes are involuntary fees levied on individuals enforced by the government in order to finance government activities

Answer 2

Taxes are generally imposed by a government as a means to raising funds. Taxes generally have to do with a specific item, such as property tax. In the case of property tax, a percentage of each property owned by a citizen is taxed a certain percentage. Another tax can be the sales tax, in which each item sold and bought is taxed a percentile to be able to raise funds.

Essentially, taxes are imposed by the government to raise money to pay off it's debts.