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Refers to compulsory or coercive money collection by a levying authority, usually a government. The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes. Though taxation can be a noun or verb, it is usually referred to as an act; the resulting revenue is usually called "taxes."

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Is a 6% wealth tax a sustainable source of income?

It's possible, although highly unlikely. Take a look at this article here, in it, it clearly states that this has been tried before in European countries, but it was often ineffective due to a lack of …
Rapace1428's user avatar