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Tax

A tax is a government action that takes money from another entity.

Expanded Definition

There are many forms of taxes. U.S. Investors in particular ought to be aware of corporate taxes, long-term capital gains taxes, short-term capital gains taxes, dividend taxes, and personal income tax, and any state taxes as well. Also affecting investment are sales tax, gasoline tax, as well as proposed windfall profits tax and carbon tax. And there are numerous other taxes.

Controversy

Taxes are frequently controversial, firstly because no one likes to part with his money unless receiving something tangible immediately in return, and secondly because the complexity of numerous taxes increases the government's cost of collecting them, as well as the tax accounting cost to individuals and businesses paying them.

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