A Background Of Taxes - Part 1: Difference between revisions
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Revision as of 03:10, 6 January 2025
Tax, it is not a dirty four letter word, but for many among us its connotations are far worse than any bane. It's been found that high tax rates generally relate to outstanding social services and high standards of just living. Developed countries, where the tax rate exceeds 40%, usually have free health care, free education, systems to care for the elderly and a large life expectancy than individuals with lower tax rates.
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We hear a lot about income taxes, but most transfer pricing people don't know just how much income-related taxes they're paying. We're taxed by both our federal government and our state. Individuals have federal government takes the lion's share, I'll concentrate on its tax.
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