The primary function of taxes is to

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Quizplus · Accepted Answer

The primary function of taxes is to transfer command over resources from the private sector (individuals and businesses) to the public sector (government) to finance public goods and services such as infrastructure, national defense, education, and healthcare. Taxes also help to redistribute income and wealth by providing social welfare programs to assist low-income households and to correct market failures, such as externalities and public goods. Increasing purchasing power and private savings are not the primary functions of taxes.

The Primary Function of Taxes Is to