Top 100 Taxation in Toowoomba
                     TAXATION IN TOOW
OOMBA
Taxation is the means by which a government or the 
taxing authority imposes or levies a tax on its citizens 
and business entities. From income tax to goods and 
services tax (GST), taxation applies to all levels.
Top 100 Taxation in To
owoomba
Taxation is a term for when a taxing authority, usually 
a government, levies or imposes a financial obligation 
on its citizens or residents. Paying taxes to 
governments or officials has been a mainstay of 
civilization since ancient times.
KEY TAKEAWAYS
Taxation occurs when a government or other 
authority requires that a fee be paid by citizens and 
corporations, to that authority.
The fee is involuntary, and as opposed to other 
payments, not linked to any specific services that 
have been or will be provided.
UNDERSTANDING T
AXATION
Taxation is differentiated from other forms of 
payment, such as market exchanges, in that taxation 
does not require consent and is not directly tied to 
any services rendered. The government compels 
taxation through an implicit or explicit threat of force. 
Taxation is legally different than extortion or a 
protection racket because the imposing institution is 
a government, not private actors.
TAXATION IN USA
Taxation in the United States
The U.S. government was originally funded on very little 
direct taxation. Instead, federal agencies assessed user 
fees for ports and other government property. In times 
of need, the government would decide to sell 
government assets and bonds or issue an assessment to 
the states for services rendered. In fact, Thomas 
Jefferson abolished direct taxation in 1802 after winning 
the presidency; only excise taxes remained, which 
Congress repealed in 1817. Between 1817 and 1861, 
the federal government collected no internal revenue.
TAX PICTURES
Top 100 Taxation in To
owoomba
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