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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 means for [[Market economy|market economies]] to fund their governments. It has existed sense ancient times, and have been used in [[Slavery|slave]], [[Feudalism|feudal]], [[Capitalism|capitalist]], [[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 means for [[Market economy|market economies]] to fund their governments. It has existed sense ancient times, and have been used in [[Slavery|slave]], [[Feudalism|feudal]], [[Capitalism|capitalist]], and [[Market socialism|market socialist]] societies. | ||
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Revision as of 21:31, 22 April 2023
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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 means for market economies to fund their governments. It has existed sense ancient times, and have been used in slave, feudal, capitalist, and market socialist societies.