what is taxation in economic
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Tax is one of the most common financial terms. Taxes are one of the primary sources of income for the government through which it fulfils various projects and initiatives. They are levied by the central and state governments.
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Taxation is a term for when a taxing authority, usually a government, levies or imposes a tax. The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes.
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