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What is taxation, Its Types, and Its Purpose?

Taxation is the term used for when the government takes money from people and businesses. This money is then used to fund public services such as healthcare and education, and to provide things such as roads and parks.

It is the process that governments use to collect money from citizens to fund public services. Taxation can take a variety of forms, including income tax, property tax, sales tax, and capital gains tax.

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