A tax is a compulsory financial charge or some other type of levy
imposed on a taxpayer (an individual or corporate entity) by a government
organization in order to fund for government spending and various public
expenditures.

A failure to pay, along with evasion of or resistance to taxation, is
punishable by law.

The first known taxation took place in Ancient Egypt around 3000–2800
BC.

Most countries have a tax system in place to pay for public, common, or
agreed national needs and government functions.

In economic terms, taxation transfers wealth from households or
businesses to the government