Question

Prepare a meaningful speech about taxes, who collects it, its purposes, and importance (At least 3 stanzas).

Answer 1

" Tax is collected by the income tax officers or you can say a tax man. These people have the information of all the individuals under them and are responsible for collecting the tax on time.

Tax serves a very important purpose to the government because taxes are the main medium of government income. The government use the money collected from the taxes for its expenditure.

Taxes are important for economic competence, ease of management and acquiescence, to fulfil economic goals, etc.

"