👉 In economics, a "levied" refers to a tax or fee imposed on an individual or entity that is not directly related to their income or expenses. This can be for various reasons such as taxation purposes, regulatory compliance, or economic necessity. For example, in the United States, a person who owns a home and uses it for commercial purposes may pay a property tax levied by the government on the value of the home. Similarly, businesses that operate in multiple states may pay state income taxes
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