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Results tagged with taxation
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user 43560
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."
-2
votes
Is money we make completely taken away by taxes?
In step 1, you made \$1 as income.
In step 2, you paid a tax of 10% and kept \$0.9
Now that money is yours. You don't pay taxes on that \$0.9 again.
Eventually there is a cycle, if you see for some …
CommunityBot
- 1