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Tax

税 / tax — Institutions

Money collected by national or local governments from income, purchases, and property at a rate determined by law.

Beard Tax Token Beard Tax Token1705 Écu d'or à la couronne (crowned gold écu) Écu d'or à la couronne (crowned gold écu)1385 onward Silver sycee (31st year of Jiajing) Silver sycee (31st year of Jiajing)Ming, 1552
A photograph of the real thing this term names.

There are three points of entry: when you earn (income), when you spend (consumption), and when you hold (property). Even in different countries, these three points of entry are the same; only the rates and names differ. ⚠ Taxes are not just amounts that are taken. They are also the financial source for pensions and medical benefits, so one should view the burden and the receipts as a pair.