Tuesday, June 29, 2010

Economic Vocabular


Taxes: To tax (from the Latin '; "I estimate", which in turn is from '; "I touch") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.
My dad pays on all his kids and his cars.
When I get older I will have to pay taxes.
Donation: A donation is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause
If I was a very wealthy man I would make big donations.
Every time I go to church I make a donation.

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