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Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
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Legal Definitions - sponge tax
Ethics is knowing the difference between what you have a right to do and what is right to do.
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Definition of sponge tax
Definition: Sponge tax is a type of tax that is imposed by the government on persons, entities, transactions, or property to yield public revenue. It is a monetary charge that is payable to the government.
For example, pickup tax is a type of sponge tax that is imposed on the purchase of a pickup truck. The tax is calculated as a percentage of the purchase price of the truck and is payable to the government.
Another example of a sponge tax is an admission tax. This tax is imposed as part of the price of being admitted to a particular event, such as a concert or a sports game. The tax is payable to the government and is calculated as a percentage of the ticket price.
These examples illustrate how sponge taxes are imposed by the government to generate revenue. They are calculated as a percentage of the value of the transaction or property and are payable to the government.
The young man knows the rules, but the old man knows the exceptions.
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Simple Definition
A sponge tax is a type of tax that is charged by the government on different things like people, businesses, transactions, or property. It is a way for the government to collect money to pay for public services. Taxes can be paid in different ways, not just with money. For example, an admission tax is a tax that is included in the price of a ticket to an event. A sponge tax is just one type of tax that the government uses to collect money.
I feel like I'm in a constant state of 'motion to compel' more sleep.
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