Respuesta :
If a buyer, Zeke, pays taxes that the sellers, Mr. and Mrs. Parkerson owed on a home (the taxes up to the date of the sale), and Mr. and Mrs. Parkerson reimburses Zeke, then the taxes are subtracted from the basis of the home.
What is tax explain?
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
What is the main purpose of tax?
In practically every nation on the planet, taxes are mandatory levies that are imposed by the government on people or organizations. Although it can be used for other things as well, taxes are typically utilized to raise money for government spending.
Why should we pay taxes?
The government uses taxes to fund various welfare programs, such as employment programs. There are thousands of personnel working in numerous departments, and the government is responsible for covering the administrative costs.
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