Everyone knows that tax season comes annually and that we are all expected to pay our share - fair or not - but the looming question really is "why pay taxes?" Try explaining to your child that you pay when you earn money, you pay when you spend money and annually the government takes more of your money even if you already spent what they want.From new Uggs to automobiles to groceries, there are unwanted taxes attached... but the question remains where does the money go?
Schools, roads, government workers and parks are all part of the system. Working to fulfill our lives with the goods and services we expect. But it all comes with a price.
In the United States we have governments at a variety of levels and all have cogs and wheels that keep them running. Without our government, our country becomes chaos and that is not something anyone wants to see happen. There is a certain amount of your tax money that pays for these services and the people who take care to make sure they are running.
Paying taxes is a civic duty and a legal requirement so there is not a workaround. Hefty penalties and fines are imposed on those who choose not to pay.
Paying taxes covers costs of those services we expect but often forget are not part of the private sector. Firefighters and police officers are supported by our tax dollars. Road maintenance, lights, signs and snow removal all benefit from your tax dollars. Public libraries and our public parks and public education are funded with tax money too. Even the poor and less fortunate, the ill and the military receive a bit of the money you provide.
Still not able to explain to your child that taxes are necessary and inevitable? Try this scenario: The street light outside your home has been burned out but there is no local agency to service the light. Because the street is dark your home is susceptible to a burglury. During the break in, things go awry and a fire in the home breaks out. No firefighters arrive, due to lack of tax money, and all your belongings go up in smoke... You can continue the story until, but we all get the idea.
Tax money comes out of your paycheck and any shortage comes annually on tax day. Honestly it isn't fun paying taxes but there are benefits that far outweigh the short term payout. If you need help, advice or experts to handle the paperwork we are here for you. PK Tax Services ahs a team of experts for both individuals and businesses and we would love to hear from you.