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Income tax is a government levy on the income earned by individuals and businesses. For freelancers, it's based on your net profit (total revenue minus deductible expenses).

💡 Why do we pay income tax?
✔️ Funds public services – Supports healthcare, education, public safety, and more.
✔️ Maintains infrastructure – Roads, bridges, and public facilities rely on tax revenue.
✔️ Supports social programs – Funds pensions, unemployment benefits, and social security.
✔️ Ensures economic stability – Helps balance public finances and government operations.

🔹 Simply put: Income tax helps fund essential services that benefit everyone.