ALEXIS'S project*: why we pay taxes

Wednesday, May 14, 2008

why we pay taxes

Everyone pays taxes. Some people cant afford to but they find a way. We mostly pay income and sales taxes. But the question every one is asking is why do we pay these taxes? We pay these taxes because The federal government uses your tax dollars to support Social Security, health care,national defense and social services such as food stamps and housing.The city you live in provides you with many things such as water,garbage services,police and fire protection. All of these occupations are very important to the citizens, but cant we just pay them one by one not from taxes?The sad thing is that not every one can afford to pay it individually.Our tax system is based on our "ability to pay." The more money we earn, the more taxes we pay. And the opposite is also true. If we earn a small income, we pay less taxes.

2 comments:

Ms. Sackstein said...: Alexis, you have good information, but it is hard to get through. I'm not sure what genre you are presenting this information in and there are many proofreading errors. Please make an appointment to meet with me so we can conference on this work.; May 15, 2008 at 6:31 AM
Anonymous said...: I think this should ba a descriptive paragraph because you are explaining taxes in America and why citizens pay them. It has a lot of good information. Nice job!!!

~ASHLEY<3; May 20, 2008 at 7:17 AM

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many differnt taxes

Income Taxes~ The United States income tax is usually the first thing people think of when they hear the word tax
Business taxes~ Also known as corporate taxes, these are direct taxes levied on the profits of businesses
Payroll Taxes~These are the taxes that must be deducted from wages paid to employees, and the employer usually must match the amounts.
Capital Gains Taxes~ In the United States a tax is levied on all income generated from a taxpayer’s capital gains, which are profits from the sale of an asset that was purchased at a lower price.
Inheritance Taxes~ The inheritance tax – a/k/a the “death tax” – is a tax that arises from the death of a taxpayer. It is imposed on the transfer of any property or asset transferred as the result of a death.
Sales Taxes~ Consumption taxes – a/k/a sales tax – are levied at the point of purchase for specific goods and services.
Property taxes~ Property taxes are imposed on property by reason of its ownership. Typically, these taxes are paid on real estate
Excise Taxes~ Any tax that is based on the value of the product being taxed is considered an excise tax. They are based on the quantity of the product.
Gift Taxes~ A gift tax is a one that is levied on the transfer of property by one taxpayer to another while receiving either nothing or something with a less than equal value in return.
Retirement Taxes~ All taxes levied by the government to plan for a taxpayer’s retirement could be considered retirement taxes.
Tariffs~ An import or export tariff is one that is paid by the movers of any good through a political border.
Tolls~ Tolls are fees charged to drivers who cross through designated bridges, tunnels, and even some roads.

ALEXIS'S project*

Wednesday, May 14, 2008

why we pay taxes

2 comments:

glossary

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many differnt taxes

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