10:38
When in southeast Asia be careful of a MILF attack lmfao
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LSDefine
Simple English definitions for legal terms
Tax
Read a random definition: clear and convincing evidence
A quick definition of Tax:
Tax: Money or property that the government collects from people or businesses. It's like a fee that you have to pay for living or doing business in a certain place. The government uses this money to pay for things like schools, roads, and hospitals. Some taxes are based on how much money you make or how much you own, while others are added to the price of certain things you buy, like gas or cigarettes.
A more thorough explanation:
Definition: Tax is a charge of money or property that a government collects from individuals or entities within its authority. It does not include charges for specific goods or services, like bridge tolls or sanitation fees. Taxes are usually based on economic measurements like income, consumption, property, and wealth. Some governments also impose excise taxes on specific goods, like gasoline or cigarettes.
- US Income Tax: The US government collects income tax from individuals and businesses based on their income levels.
- Property taxes: Property owners pay taxes on the value of their land and buildings to the local government.
- Excise taxes: Governments may impose taxes on specific goods, like gasoline or luxury items, to discourage their use or raise revenue.