Today we are going to discuss a very interesting theme called “taxes” and their importance for the modern world. We prefer to think that taxes distinguish the modern world from the primitive tribe. One wise man said that taxes are “the payment for the civilized world.” It is difficult not to agree with this thought. Paying taxes is actually necessary. Let us take a closer look at this topic on the example of the US tax system.
Why are taxes useful?
Each of us earns money in different ways. Someone has a bigger salary, someone smaller, and they may differ a lot. However, people pay the same percentage of their income and purchases according to generally accepted laws. Many people consider this “tradition” unfair because they earn the money by hard work. Do not be discouraged, because your taxes are an investment in the future of the country, in a place where your children will live.
The main advantages of the tax system:
- The State Existence. The tax system finances the army, government, law enforcement agencies, and other structures. No government can provide order and security without a budget. Without money, there will be no bridges, highways, water pipelines, railways, and other infrastructure elements.
- Social Security. Modern society should take care of people who are not able to provide for themselves. The state is a very big family. The able-bodied members of the “family” take care of the rest: the old, the sick, the homeless. The medical support system and the fire department exist thanks to taxes. This money is also spent on the payment of assistance for unemployment, disability, childcare, etc.
- Peaceful Mind. Pay taxes and live in peace. Your civic conscience will be clear. Tax evasion is fraught with problems with government agencies. In this case, you will have to pay a fine or even incur criminal liability.
How not to make a mistake and file a correct tax return?
US citizens file the previous year tax return every year. As a rule, they have to do it until April 15th. The IRS handles all taxes. You can file it by using an online service or by hiring a “tax consultant”. Such services cost near $150-300, but the consultant will explain to you all the details of tax legislation.
You need to follow some rules in case you do not want to spend your money and want to solve this problem personally. It is very easy to fill out a tax return if you are working in a company that maintains an active financial accounting system for each employee.
Modern online systems were created to help people in such situations. For example,