Taxation is the process by which governments collect money from individuals and businesses to fund public services and infrastructure. This money is used for essential services like education, healthcare, and public safety. Taxes can come in various forms, such as income tax, sales tax, and property tax, and they help ensure that everyone contributes to the society they live in.
The amount of tax a person or business pays often depends on their income or the value of their property. Taxation is essential for maintaining a functioning society, as it provides the necessary funds for roads, schools, and emergency services that benefit everyone.