Taxes refer to compulsory financial charges imposed by governments on individuals and organizations. They serve as a primary source of revenue to fund public services and infrastructure. Taxes are classified into various categories, including income tax, sales tax, property tax, and corporate tax. Governments utilize taxes to finance public education, healthcare, defense, social security, and other essential services. Taxation policies vary across countries, with rates and structures determined by each government. Accurate reporting and payment of taxes is crucial for individuals and organizations to comply with legal requirements, contribute to society, and maintain public welfare and development.