Editing Tax

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A '''tax''' is a compulsory financial levy on the purchase, sale, use, or ownership of a good, service, or income of an individual. It is the most common way for [[Market economy|market economies]] to fund their [[State|governments]]. Taxes have existed since ancient times and have been used in [[Slavery|slave]], [[Feudalism|feudal]], [[Capitalism|capitalist]], and [[Market socialism|market socialist]] societies.
A '''tax''' is a compulsory financial levy on the purchase, sale, use, or ownership of a good, service, or income of an individual. It is the most common way for [[Market economy|market economies]] to fund their [[State|governments]]. Taxes have existed since ancient times and have been used in [[Slavery|slave]], [[Feudalism|feudal]], [[Capitalism|capitalist]], and [[Market socialism|market socialist]] societies.
Under capitalism, taxes seriously reduce real [[Wage|wages]] for [[Proletariat|workers]]. [[Socialist state|Socialist countries]] usually have low taxes that are used to improve the economy and on social and cultural services.<ref name=":0">{{Citation|author=Economics Institute of the Academy of Sciences of the U.S.S.R|year=1954|title=Political Economy|chapter=Wages in Socialist Economy|chapter-url=https://www.marxists.org/subject/economy/authors/pe/pe-ch33.htm|page=|pdf=https://revolutionarydemocracy.org/archive/PoliticalEconomy.pdf|city=London|publisher=Lawrence & Wishart|mia=https://www.marxists.org/subject/economy/authors/pe/index.htm}}</ref>


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