Tax Collection
Tax collection is the process by which governments gather money from individuals and businesses to fund public services and infrastructure. This money is collected through various types of taxes, such as income tax, sales tax, and property tax. The collected funds are used to pay for essential services like education, healthcare, and transportation.
Governments typically have agencies responsible for tax collection, such as the Internal Revenue Service (IRS) in the United States. These agencies ensure that taxpayers comply with tax laws and regulations, and they may conduct audits to verify accurate reporting. Effective tax collection is crucial for maintaining a functioning society.