Everyone Pays Tax both the Employer and the Employee
Wages are payment made by employers to employees for work done over a period of time, but while these wages are paid, there is always a reduction in the wages of the employee and this is called tax. Taxes are levy removed by the payer of wages for the government. The certain percentage can be federal taxes, state taxes and local government income taxes, which would be used by the government to fund public projects and pay for the salaries of people in public offices.
Most times, employees assume that their employers are not paying taxes and so they are being ripped off by their employers but this is not true as both employers and employees pay taxes. The taxes are based on the status filed in the tax form, so the percentage is taxed differently. As an employee, the taxes removed from wages is determined by the table brought by the Internal Revenue Service. Taxes are paid on life insurance, non-cash gifts, and benefits.
If you remember the biblical words “give unto Ceaser what belongs to Ceaser” then you should understand that tax has been around long enough and it is regarded as a must. If you are not paying tax, then you need to start doing that now. Although so many of us pay taxes indirectly and we do not know, for example value added taxes, and sales taxes are indirect taxes. Companies are taxed based on the taxable incomes after expenses have been removed.
When the government take this taxes, they are used to fund construction of roads, emergency reliefs in cases of disasters, health care, airports, Educations and other government agencies. The well-being of a society is dependent on the tax paid and how the government in power utilizes it. Taxes is meant to redistribute wealth if properly followed. Although taxes are in forms of progressive, regressive and proportional taxes, so dependent on the type of taxes, the redistribution of wealth is determined.
@tipu curate
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Hello @mojubare
We all really end up paying taxes, but, they are not always used for what they are supposed to be, this is where corruption comes into play.
Certainly, taxes have a long history in mankind, since it functions as a society.
But, what we pay is not always used properly.
That is the annoying part of the tax payment system, a lot of people will be eager to pay tax if it was made easy.
Tax is quite good and I believe it is the duty of a good citizen to pay their tax just that sometimes most people didn't see the importance of paying tax and so it discouraged them most times
That's just the annoying condition we have been made to cope with.
Greetings friend @mojubare. Paying taxes would be the fairest thing we could all do, if we really knew what they were going to be used for, but nowadays very few people pay taxes, apart from the fact that the salary we acquire does not give us to pay taxes. very good analysis thanks for sharing it.
If the system of government was transparent enough, more people will be willing to pay tax.
Hello friend, the truth is that I think some taxes are a little exaggerated, but I agree that we should donate a small percentage of our salary in order to have a better quality of life.