Taxes are a few of the most necessary things a country or nation should impose on its citizens with the intention to progress. Taxes are fees charged by the federal government to individuals and businesses. However regardless of how strict the federal government is in implementing tax, there are still some people who won’t pay. What are the results of this?
CRIMINAL CHARGES – When a person refuses or forgets to file his income tax, criminal expenses may be filed in opposition to him. These criminal expenses may end in imprisonment plus fines or fines alone. The United States law says that if a person is unable to file for income tax for one year, she or he will be fined $25,000 per 12 months of non-payment and will be imprisonment for one year.
LIMITED GOVERNMENT FUNDS – Though the cash you will be paying as taxes to the government could appear small compared to its overall standing, it will still matter tremendously for the country’s progress and development. Thus, a person who does not pay his taxes is, in essence, taking something away from the government and from the people.
On the other hand, when people pay their taxes, the next are the most important benefits they and the nation itself enjoy.
DEFENSE AND SECURITY
The money the government spends to provide defense and security to its individuals comes from the taxes that persons are paying. In the United States, nonetheless, defense and security cover not only the US however the whole global community. For example, the government is sending thousands of troops everywhere in the world to keep up world peace and these troops require billions of dollars to hold out their tasks.
MAINTENANCE
One other use of taxes is to maintain the roadways, buildings, and architectural constructions owned by the government. Many roads across the country are being fixed and authorities buildings all around 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 folks of the country.
Knowing your taxes, understanding what they’re and paying them are all part of being a accountable citizen. And we always owe it to ourselves to pay our dues.
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