The revenue the government collects via taxes is used to fund Social Security, health care, the military, education, scientific research, the space program, transportation, agricultre, environmental programs, the justice system and more.
Taxes consist of direct or indirect taxes and may be paid in money or as its labour
equivalent. ... 1 Overview; 2 Purposes and effects; 3 Kinds of taxes. 3.1 Taxes ...
Everything you ever wanted to know about The Purpose of Taxes, in a way that
you'll actually understand. Shmoop breaks down finance concepts for all ages.
Dec 16, 2010 ... But the tax deal and Obama's debt commission are opening up a much bigger
debate about taxes: Why do we have taxes in the first place?
Encyclopaedia Britannica indicates that the primary purpose of taxation is to
allow a government to allocate resources as necessary. Typically governments
taxation and its purpose revision notes for IGCSE, GCSE Economics. A Level and
IB Diploma Economics.
Purpose of Taxation. Taxes are mainly used to finance the expenses incurred by
government to manage an economy. These expenses include: health care, ...
Home · Taxes · Present Taxes Taxation – It's Nature and purpose ... Taxation is a
system of compulsory contributions levied by government on persons, ...
I currently rent, but have been looking to buy a home. I always ... Property taxes,
where they exist, are generally levied by cities, counties and ...
Mar 8, 2011 ... Obviously, it doesn't. So what is the purpose of taxation? The purpose is two-fold:
To control inflation and maintain demand for the currency.