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Taxes play a crucial role in funding government programs and services, ranging from infrastructure development to education and healthcare. Individuals and businesses alike are required
Taxes play a crucial role in funding government programs and services, ranging from infrastructure development to education and healthcare. Individuals and businesses alike are required to pay taxes based on their income, profits, and other financial activities. Understanding the tax system and its implications is essential for individuals and businesses as they must comply with tax laws and regulations and minimize their tax liabilities. What is the primary purpose of taxes, as described in the passage? A. To pay for government programs and services B. To generate income for individuals and businesses C. To promote economic growth and development D. To create regulations that everyone must follow
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