Taxes are mandatory financial charges imposed by governments on individuals, businesses, or other entities within their jurisdiction. The purpose of taxes is to provide revenue to fund public services, such as infrastructure, education, health care, and defense.

Taxes can be levied on income, property, goods, and services, or various other forms of economic activity. The amount of tax owed is usually calculated based on a percentage of the taxable value or income, and tax rates can vary depending on factors such as income level, type of income, and the tax jurisdiction in question.

Tax laws and regulations can be complex and vary widely between countries and regions, so it is important to seek professional advice to ensure compliance and minimize tax liability.