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Taxation
A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.[1] A failure to pay, or evasion of or resistance to taxation, is usually punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale b
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One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.
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...but in this world nothing can be said to be certain, except death and taxes.
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― The Private Correspondence of Benjamin Franklin, LL.D ...: Comprising a Series of Letters on Miscellaneous, Literary, and Political Subjects ...
― The Private Correspondence of Benjamin Franklin, LL.D ...: Comprising a Series of Letters on Miscellaneous, Literary, and Political Subjects ...
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