Taxes and Why We Must Pay Them

Taxes are a few of the most necessary things a country or nation must impose on its citizens in an effort to progress. Taxes are fees charged by the government to people and businesses. However no matter how strict the federal government is in implementing tax, there are still some individuals who won’t pay. What are the results of this?

CRIMINAL CHARGES – When a person refuses or forgets to file his earnings tax, criminal prices may be filed in opposition to him. These criminal costs may lead to imprisonment plus fines or fines alone. The United States law says that if a person is unable to file for earnings tax for one year, he or she will be fined $25,000 per 12 months of non-payment and will be imprisonment for one year.

LIMITED GOVERNMENT FUNDS – Although the money you will be paying as taxes to the federal government could appear small compared to its general standing, it will still matter drastically for the country’s development and development. Thus, a person who does not pay his taxes is, in essence, taking something away from the government and from the people.

However, when people pay their taxes, the next are crucial benefits they and the nation itself enjoy.

DEFENSE AND SECURITY

The cash the government spends to provide defense and security to its individuals comes from the taxes that people are paying. Within the United States, nonetheless, protection and security cover not only the US however the entire global community. For example, the federal government is sending hundreds of troops all over the world to maintain world peace and these troops require billions of dollars to carry out their tasks.

MAINTENANCE

Another use of taxes is to keep up the roadways, buildings, and architectural constructions owned by the government. Many roads throughout the country are being fixed and government buildings all over the country are also being renovated, and furnished for the benefit of the citizens of the country.

SOCIAL SECURITY

Twenty % of the government’s price range goes to social security which covers retirement benefits, benefits for spouses of deceased workers, disability benefits, and child survivor benefits. Social security requires billions of dollars to proceed serving the people of the country.

Knowing your taxes, understanding what they are and paying them are all part of being a responsible citizen. And we always owe it to ourselves to pay our dues.

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