Top 100 Taxation in Toowoomba

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TAXATION IN TOOWOOMBA

• 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.

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Top 100 Taxation in Toowoomba

• 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.

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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.

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UNDERSTANDING TAXATION

• 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.

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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repealed in 1817.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.
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TAX PICTURES
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Top 100 Taxation in Toowoomba

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