Why Do We Need To Pay tax?

  • Home
  • /
  • Why Do We Need To Pay tax?

Personal Finance

When you work at a job to make money, you pay income taxes. ... Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks. Taxes are also used to fund many types of government programs that help the poor and less fortunate, as well as many schools!

Income Tax is a tax you pay on your earnings

  •  What is the purpose of a tax?
    Taxation, the imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.

      Why do we pay tax and what does it pay for?

  • WHY PAY TAX? Governments need to fund the services they provide to the community, such as education, health, defense, and infrastructure such as roads. To do this they must collect money, which is called revenue, through the tax system. Without taxes, the government would have no money to provide services.