What is the purpose of taxation and how are taxes levied and collected?

The purpose of taxation is to raise revenue for a government. In Rhode Island, taxes are levied and collected by the state and local government to pay for public services, such as roads, schools, police, and fire protection. The Rhode Island Division of Taxation administers the state’s tax laws and collects state taxes. It also assists local governments with collection and enforcement of local taxes. The Division of Taxation administers taxes on income, sales and use, motor fuel, and corporations, as well as other taxes and fees. The tax rate, or the amount of tax paid, is determined by the type of tax and the taxpayer’s individual circumstances. The state assesses taxes on income, sales and use, motor fuel, and corporations. The local municipalities also assess taxes, such as property taxes, to fund services provided by the municipality. Taxes are collected by the Division of Taxation or Department of Revenue in Rhode Island. Payments may be made in person, by mail, electronic funds transfer, credit or debit card, telephone, or online. The collection of taxes provides the needed funds for the government to operate and provide services for its citizens. Taxation is essential for providing many of the public services we rely on, and it’s part of the duty of citizens to fulfill their tax obligations.

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What is the purpose of taxation and how are taxes levied and collected?

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