taxation
Taxation refers to the mandatory process of collecting funds by the government from individuals, businesses, and other entities in order to finance public services, infrastructure, and various welfare programs.
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Related Concepts (38)
- automatic stabilizers
- budget deficits
- capital gains tax
- capital gains tax reforms
- corporate tax
- debt ceiling
- deficit financing
- demand-side economics
- economic growth and fiscal stability
- economic instrumental power
- economic justice
- economic stabilization
- estate tax
- excise tax
- flat tax
- gift tax
- government
- government expenditures
- government revenue
- government spending
- income tax
- inflation and fiscal sustainability
- inheritance tax
- international taxation
- payroll tax
- property tax
- public finance
- public goods provision
- sales tax
- tariffs
- tax brackets
- tax credits
- tax deductions
- tax evasion
- tax loopholes
- tax planning
- tax treaties
- value-added tax (vat)