How the taxes are used by the Government at present
Answers
Answer:
The government spends your tax money on various schemes, including healthcare, education, social security, and others, which claim about 22% of the government expenditure. The Central Sponsored Schemes (CSS), which are implemented by the state but funded by the Centre, account for 9 percent of the total government expenditure while the Central schemes take away 13 percent of the total spends.
Answer:
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.[2] A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC.