Definition: The act of imposing taxes and the fact of being taxed.

Alright class, settle down, let’s take a peek, At “taxation,” something we all need to speak! Now the dictionary gives you a simple start, “Imposing taxes” plays a key part. But let's dig a little deeper, don't you see? It's more than just a number, it’s meant for you and me! Taxation means: It’s the way our government tries, To raise some funds – before your very eyes! Think of it like this: when goods are sold with glee, A little bit is taken, for all to see. Or if you earn a wage, and work with might, Some money goes to help things shine so bright - Like schools and roads, and parks so green, Taxation helps the whole community convene! Being "taxed" simply means you’re part of the game, Contributing to what's needed – it’s not a shame. So remember this rhyme, let it stick in your head, Taxation is important, thoughtfully spread! Do you have any questions about this concept bright? Let’s discuss it now with all your might!