What is Tax?

The video tutorial introduces the concept of taxes through the story of Robin Hood, who fought against unfair taxation by the sheriff of Nottingham. The teacher explains the importance of taxes in funding public services like schools, police, and infrastructure. The process of tax collection is discussed, including income tax, corporate tax, and stamp duty. The video concludes with a reflection on the necessity of taxes for running a country.

How do people usually pay their taxes?

What is stamp duty and when do you have to pay it?