oter

Taxes are essential for funding government services from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill

Taxes play a vital role in ensuring that the government has the necessary funds to provide essential services to its citizens. Without tax revenue, the government would not be able to finance programs such as national defense, public education, infrastructure development, and social welfare. The collection of taxes is a fundamental aspect of any modern society, as it allows the government to generate the income needed to carry out its duties and responsibilities. Through the imposition of taxes, the government is able to redistribute wealth, promote economic stability, and address societal needs. It is important to understand that taxes are not simply a burden on individuals and businesses; they are a necessary means of funding the services and programs that benefit society as a whole. By contributing a portion of their income to the government, individuals are helping to ensure that public goods and services are available to all members of society. In essence, taxes serve as a form of social contract between the government and its citizens. In exchange for paying taxes, individuals and businesses receive the benefits of government services and programs. This system of taxation is essential for maintaining the functioning of society and promoting the common good. While paying taxes may not always be a popular or enjoyable task, it is a civic duty that is necessary for the continued operation of government and the provision of essential services. By fulfilling their tax obligations, individuals and businesses are contributing to the well-being of society as a whole.
    oter

    Income Tax Fundamentals 2021

    Gerald E. Whittenburg

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.