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A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.
Most countries have a tax system in place to pay for public, common or agreed national needs and government functions. Some levy a flat percentage rate of taxation on personal annual income, but most scale taxes based on annual income amounts. Most countries charge a tax both on corporate income and dividends. Countries or subunits often also impose wealth taxes, property taxes, sales taxes, value-added taxes, payroll taxes or tariffs.
Both the city and the county were named for David Gouverneur Burnet, the first (provisional) president of the Republic of Texas. He also served as Vice President during the administration of Mirabeau B. Lamar.
Burnet is located one mile west of the divide between the Brazos and Colorado River watersheds near the center of Burnet County. It is 54 miles (87 km) northwest of the state capital, Austin – roughly a 1- to 1½-hour drive via U.S. Highway 183 and State Highway 29. It is 36 miles (58 km) west of Georgetown and Interstate Highway 35 via State Highway 29, and 100 miles (160 km) north of San Antonio on U.S. Highway 281.
According to the United States Census Bureau, Burnet has a total area of 10.2 square miles (26.3 km2), of which 10.1 square miles (26.2 km2) is land and 0.04 square miles (0.1 km2), or 0.32%, is water.