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blogpages:death_and_taxes [2023/04/18 04:13] – jcorona | blogpages:death_and_taxes [2023/04/18 06:08] (current) – jcorona | ||
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====== Death and Taxes ====== | ====== Death and Taxes ====== | ||
- | Decided it was time to do taxes the day before tax day. \\ | + | Decided it was time to do taxes the day before tax day.\\ |
- | I don't mind paying taxes, it is just the process of doing them yourself can be kind of monotonous and uninteresting. | + | I don't mind paying taxes, it is just the process of doing them yourself can be kind of monotonous and uninteresting. |
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- | I calculate my personal taxes at about three months in and have come up with a process where I come out even on my end. \\ | + | I calculate my personal taxes at about three months in and have come up with a process where I come out even on my end.\\ |
- | Re-evaluate in the middle of the year to see if I need to add more to what the government takes out. \\ | + | Re-evaluate in the middle of the year to see if I need to add more to what the government takes out.\\ |
There are some pretty good tax calculators that can help you do this but it is best to wait after they have been updated with the current year's approximate tax rate. | There are some pretty good tax calculators that can help you do this but it is best to wait after they have been updated with the current year's approximate tax rate. | ||
- | I know Trump always gets a lot of flak, but it was pretty nice tax wise under his tenure as president. | + | I have heard people around me talk about how much they hate paying taxes or that the government is ripping them off.\\ |
+ | Just what would happen if we did not have taxes? Chaos? Anarchy? | ||
- | I have heard people around me talk about how much they hate paying taxes or that the government is ripping them off. \\ | + | (Side note: Dallas has awful roads due to not being funded |
- | Just what would happen if we did not have taxes? | + | |
- | I am curious if anyone has ever done an in-depth analysis on how much of our everyday life is affected by stuff taxes pay for. \\ | + | |
- | (Side note: Dallas has awful roads due to being funded | + | |
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+ | I am curious if anyone has ever done an in-depth analysis on how much of our everyday life is affected by stuff taxes pay for. | ||
Well look no further! Here is mine: | Well look no further! Here is mine: | ||
- | \\ | ||
- | Government is necessary in order for a society to function. Taxes are an important source of revenue for governments. Here are a few things a government use tax collected for: | ||
- | - __**To fund government programs and services: | + | Government is necessary in order for a society to function. Taxes are an important source |
- | - __**To promote economic stability and growth:**__ \\ Governments can use taxes to influence the economy by promoting certain industries or activities and discouraging others. \\ Taxes can also be used to address economic inequality by redistributing wealth through programs like social security or progressive tax systems. | + | |
- | - __**To provide for public goods:**__ \\ Some goods and services, such as national defense or public parks, benefit everyone in society | + | |
- | - __**To support the democratic process: | + | |
- | + | ||
- | Overall, we can conclude that taxes are an essential component of modern society and are necessary. \\ | + | |
- | The kicker is, the specific | + | |
- | It is an imperfect system yes, but perfection is unattainable, so society | + | - __**To fund government programs and services: |
+ | - __**To promote economic stability and growth: | ||
+ | - __**To provide for public goods: | ||
+ | - __**To support the democratic process: | ||
+ | Overall, we can conclude that taxes are an essential component of modern | ||
+ | It is an imperfect system yes, but perfection is unattainable, | ||
+ | ---- | ||
+ | {{avatar> | ||