What is the system of taxation in a municipality?

Taxation is a system of collecting taxes from citizens to provide services to the public. In a municipality such as Arizona, the system of taxation is set by the local government. This includes both state and local taxes. State taxes include sales and income taxes as well as property taxes. Arizona has a 5.6% income tax rate, but that rate can be reduced for certain taxpayers. Arizona also has a 6.6% sales tax, which applies to most goods and services. Property taxes are based on the location and appraised value of the property. Local taxes include excise taxes, business taxes, and special impositions. Excise taxes are taxes on certain items such as cigarettes and alcohol. Business taxes are typically set by cities to generate income. Special impositions are taxes that are used for specific purposes such as infrastructure projects and public programs. The revenue that is gathered from taxes is used to fund public services such as roads and schools as well as to help reduce the burden of taxes on those who cannot afford them. It is important to pay taxes as they are an essential part of maintaining a healthy society.

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What is the system of taxation in a municipality?

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