what is the mean by tax?
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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. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.
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Tax is the money that people should pay to the government. Examples:
Income tax, Sales tax, Service tax,etc.
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