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What is taxes - finance?
Taxes are mandatory financial charges imposed by governments on individuals and businesses, used to fund public services and infrastructure.
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The purpose of taxes is to generate revenue for government operations, fund public services, support infrastructure development, and redistribute wealth.
What information must be reported on taxes - finance?
Taxpayers must report income, deductions, credits, and other financial information such as investments, retirement contributions, and any applicable exemptions.
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