taxes

Taxes are mandatory financial charges imposed by governments on individuals and businesses to fund public services like roads, schools, healthcare, and safety. They are collected systematically, often based on income, property value, or sales, to ensure that everyone contributes to the common good. Taxes help finance essential services and infrastructure that benefit society as a whole. Different types include income tax, sales tax, property tax, and corporate tax. Paying taxes is a civic responsibility that supports the functioning and development of communities, ensuring resources are available for public needs and services.