Why are taxes important?
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Q:

Why are taxes important?

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Quick Answer

The IRS indicates that taxes are vital to support the infrastructure that citizens rely on at the local, state and federal levels. Taxes support national defense programs, roadway construction, social service programs, public health and education. Without taxpayer support, many of these programs cannot exist.

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Full Answer

Taxes are a way for the government to pool some amount of important resources from the private sector to the public one, according to the IRS. The ability of the government to provide basic safety and community systems with tax revenue is important to maintaining the freedoms and basic living standards that typical Americans expect.

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Related Questions

  • Q:

    Why are taxes necessary?

    A:

    Taxes are necessary to bring in revenue for local and state government services, according to the Internal Revenue Service. Taxes are designed to put money into programs that benefit the citizens.

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  • Q:

    Why would you owe taxes?

    A:

    There are a many instances when tax must be paid, such as on income above the amount of the standard deduction from employment or other sources, on capital gains and on gambling winnings. When filing taxes, a payment is necessary if enough tax has not been withheld from various sources.

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  • Q:

    How early can you file your taxes?

    A:

    The earliest tax-filing date changes each year based on when the Internal Revenue Service is ready to accept returns, but the date is typically in late January. The delay allows the IRS to accommodate end-of-year tax changes, according to Forbes. The 2015 tax filing season opened on Jan. 20.

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  • Q:

    How can you appeal taxes?

    A:

    To appeal a tax liability, a person should consider the relevant tax and then file a written protest, notes the Internal Revenue Service. In addition, a written Power of Attorney must be filed if a lawyer, certified public account or enrolled agent is assisting with the case.

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