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 may be part of a 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.

Taxes are usually collected by a governmental agency such as the Internal Revenue Service in the United States. When taxes are not paid to a government's satisfaction, penalties such as fines, forfeiture, and imprisonment are carried out against the non-paying entity or individual. These penalties are also typically carried out by a governmental agency, such as the Federal Bureau of Investigation in the US. In most modern industrialized countries, when an individual fails to pay his government the taxes that that government demands of him, it will ultimately result in his imprisonment at the hands of the state.

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Good info: RT @HughesPR: KC followers: Need a year-end accounting & tax update? Attend RubinBrown's 12/1 seminar: http://bit.ly/4ijd1V
AReneeJ (Alisha Johnson) Thu, 05 Nov 2009 16:37:05 -0000
Good info: RT @HughesPR: KC followers: Need a year-end accounting & tax update? Attend RubinBrown's 12/1 seminar: http://bit.ly/4ijd1V
(NewsHour) Congress Poised to Extend Jobless Benefits, Homebuyer Tax Credit http://bit.ly/1WJmYv
twitalytics (twitalytics) Thu, 05 Nov 2009 16:36:56 -0000
(NewsHour) Congress Poised to Extend Jobless Benefits, Homebuyer Tax Credit http://bit.ly/1WJmYv
I asked Senator Bennett why he baile on his promised tax reform. He said "I'm only one Senator". Funny, I thought we elected a leader.
ethanmillard (ethanmillard) Thu, 05 Nov 2009 16:36:54 -0000
I asked Senator Bennett why he baile on his promised tax reform. He said "I'm only one Senator". Funny, I thought we elected a leader.
RT @SuzeOrmanShow: The tax credit for homes has been extended to June 2010- income limits increased - and other benefits as well- great
DC_Prodigy (┌∩┐(✩_✩)┌∩┐) Thu, 05 Nov 2009 16:36:52 -0000
RT @SuzeOrmanShow: The tax credit for homes has been extended to June 2010- income limits increased - and other benefits as well- great
The tax credit for homes has been extended to June 2010 - http://bit.ly/eWhb9 - @rockoff This might interest you :)
VFTL (Camille (VFTL)) Thu, 05 Nov 2009 16:36:50 -0000
The tax credit for homes has been extended to June 2010 - http://bit.ly/eWhb9 - @rockoff This might interest you :)
via #Fox 85% would have bought w/o credit http://bit.ly/4b3EKS Congress set to expand homebuyer tax credit
policygal (Casey) Thu, 05 Nov 2009 16:36:47 -0000
via #Fox 85% would have bought w/o credit http://bit.ly/4b3EKS Congress set to expand homebuyer tax credit

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