Get Notes Here – https://payments.pabbly.com/subscribe/5e2954ad14a2e43f1110d5ef/notes Class: 6th Subject: Civics Chapter: Urban Administration Topic Name: How does the Municipal Corporation get its Money? (7.4) Points covered in this video:- Connect with us: Subscribe to us on YouTube – https://www.youtube.com/MagnetBrainsEducation?sub_confirmation=1 Facebook -…
Providing and running so many services requires a lot of money. The Municipal Corporation collects this in different ways. A tax is a sum of money that people pay to the government for the services the
government provides. People who own homes have to pay a property tax as well as taxes for water and other services. The larger the house the more the tax. Property taxes however form only 25-30 per cent of the money that a Municipal Corporation earns. There are also taxes for education and
other amenities. If you own a hotel or shop then you have to pay a tax for this as well. Also the next time you go to see a movie look carefully at your ticket because you pay a tax for this as well. Thus while rich people account for property taxes, a much wider population pays more general taxes.
