Taxpayer

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January 1, 1 6 min read Definitions

Tax Governmental Levy Public Expenditures Fiscal Policy Revenue Taxpayer Mandatory Charge Tax Evasion

A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. Failure to pay, along with evasion of or resistance to taxation, is punishable by law.