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0 pointsbpt36mo ago0 comments

What gives you that impression? I get that they are used that way at times, but the core purpose of taxation is to generate revenue for the government.

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17186274406mo ago

Because that's the definition of the term. The other concept is called duties.

bpt3OP6mo ago

No, it's not. One example definition of tax: a charge usually of money collected by the government from people or businesses for public use.

A duty is a type of tax.

17186274406mo ago

> a charge usually of money collected by the government from people or businesses for public use.

Yes and what makes it a tax is the intention. If it is to regulate a market to be more free, it's a tax, otherwise it's a duty.

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0 pointsbpt36mo ago0 comments

What gives you that impression? I get that they are used that way at times, but the core purpose of taxation is to generate revenue for the government.

0 comments

17186274406mo ago

Because that's the definition of the term. The other concept is called duties.

bpt3OP6mo ago

No, it's not. One example definition of tax: a charge usually of money collected by the government from people or businesses for public use.

A duty is a type of tax.

17186274406mo ago

> a charge usually of money collected by the government from people or businesses for public use.

Yes and what makes it a tax is the intention. If it is to regulate a market to be more free, it's a tax, otherwise it's a duty.

1 more reply

j / k navigate · click thread line to collapse