Taxes

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DEFINITION of 'Taxes'

An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities.

INVESTOPEDIA EXPLAINS 'Taxes'

In the investing world, this is one of the most important types of taxes and, therefore, one of the most highly debated types of tax is capital gains tax. Capital gains tax represents the tax paid on the increase in value made on an investment.

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RELATED TERMS
  1. Flat Tax

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