Most of the adults, except senior citizens, work either for themselves or someone else. By working, they earn compensation in the form of money however, they have to pay taxes on that. Taxpayers often argue if paying state taxes is beneficial at all. This essay examines the importance of paying taxes by first addressing the city development costs and then arguing about introducing other forms of government income.
Talking about benefits, most of the income tax we pay, spent on city advancements. Construction of new highways and bridges is only possible because of government has earned income from our tax payments. Not only that, hospitals, public schools, and parks are mostly developed by the government which grants service to people at a reasonably lower cost. By doing that they not only can develop the city but also generate more employment, promote local businesses, and assist people by creating government offices.
In the matter of no income tax, the administration will struggle to improvise the city resulting in a crippled economy. To save the city, managers have to think about other forms of income by introducing other taxes like sales taxes and property taxes. By increasing the sales tax, our daily necessities would be a lot costlier that the lesser income group might not be able to afford that, whereas increased property tax would be a burden on most local businesses and homeowners.
To conclude, the government has to have enough liquidity to develop and manage the city along with supporting local businesses and that can only be possible by having to pay income taxes.
Most of the adults, except senior citizens, work either for themselves or someone else. By working, they earn compensation in the form of money
however
, they
have to
pay
taxes
on that. Taxpayers
often
argue if paying state
taxes
is beneficial at all. This essay examines the importance of paying
taxes
by
first
addressing the city development costs and then arguing about introducing other forms of
government
income.
Talking about benefits, most of the
income
tax
we pay, spent on city advancements. Construction of new highways and bridges is
only
possible
because
of
government
has earned
income
from our
tax
payments. Not
only
that, hospitals, public schools, and parks are
mostly
developed by the
government
which grants service to
people
at a
reasonably
lower cost. By doing that they not
only
can develop the city
but
also
generate more employment, promote local businesses, and assist
people
by creating
government
offices.
In the matter of no
income
tax
, the administration will struggle to improvise the city resulting in a crippled economy. To save the city, managers
have to
think
about other forms of
income
by introducing other
taxes
like sales
taxes
and property
taxes
. By increasing the sales
tax
, our daily necessities would be a lot costlier that the lesser
income
group might not be able to afford that, whereas increased property
tax
would be a burden on most local businesses and homeowners.
To conclude
, the
government
has to
have
enough
liquidity to develop and manage the city along with supporting local businesses and that can
only
be possible by having to pay
income
taxes
.