Tax is one of the formal monetary obligations for any person living under certain country or jurisdiction. Tax is usually a compulsory contribution to the government that is imposed to fulfil in the common interest of all people in the country for the purpose of defraying the expenses incurred out to the public functions. In most cases taxes are imposed for the intention of regulations, without references or guarantee to the special benefits. One of the most fundamental descriptions of tax is that it is discriminatory in nature where people are taxed according to their income; those who earn ...
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