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Since 1950, individual income taxes have been the primary source of revenue for the U.S. federal government. Together with payroll taxes (used to fund social programs like...
Why Do I Have to Pay Taxes? Taxes Benefit Everyone. How are your tax dollars used to benefit the citizens of the United States? Which of these have you or your family used lately or will use in the future?
A tax requires a percentage of the taxpayer’s earnings or money to be taken and remitted to the government. Payment of taxes at rates levied by the government is compulsory, and tax evasion...
Paying your taxes is considered a civic duty, although doing so is also a requirement of the law. If you do not pay your taxes, the government agency that oversees taxes — the Internal Revenue Service or IRS — will require you to pay your taxes or else face penalties, such as fines or going to jail. The money you pay in taxes goes to many ...
Lesson 1: Why Pay Taxes? The government provides public goods and services for the community as a whole. To pay its bills, the government needs revenue, or a source of income. The money that the federal government uses to pay its bills comes mostly from taxes.
Why do people have to pay taxes and what are they used for? Taxes are the main source of income for the U.S. government. Revenue from taxes is used to fund goods and services for the public—like roads, schools and a variety of programs.
Learn about federal income tax and why citizens pay income tax. Get a brief introduction to federal income taxes and how H&R Block can help.