Tax! This single word is enough to palpitate any person provided he has a good income at the end of the month or even week. Now regarding this very notion there are even different opinions from various schools of thoughts throughout the world. What is most striking is that the majority of them consider this as an inherent right of the government to earn revenues for the management of its own expe..
A tax (also known as a "duty") is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e.g. tribes, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity.
Taxes consist of direct tax or indirect tax, and may be paid in money or as corvée labor. In modern, capitalist taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents.