There are 9 articles on this title. You are reading the article ranked and rated #5 by Helium's members.
If there is one phenomenon that all of us would be more than happy to get rid of at the same time, it is TAX. To many it is the ultimate fraud imposed by the politicians and IRS - the biggest crime on the unsuspecting public by using the power of the state. At times, such a rationalization serves enough justification to evade tax.
We often feel cheated by taxes, and wonder as to why should anyone pay any tax? why should one depart with one's hard earned money? None of these questions is a new one, and yet these are questions which never die. But before you try to answer that question, there is one more question that needs to be answered. Why do we need a government, or do we need a government at all? Actually this question is the same as earlier ones, only here we talk about government, not taxes. But taxes are like blood in the body of the government. They are essential to make the government work.
Imagine for a moment that there is no government. So if you need roads, or airports or street lights, people just come together, collect some money, and get the roads or airports or street lights built. But there is more that we might need. We need safety, and order, and also somebody to prevent other countries taking us over for a ride. So maybe once again, people can come together, collect some money and get it done. It is not exactly impossible. There is just one small problem. What if somebody refuses to share the burden. If one person does that, a few more may do the same, and if many do the same, then people like you amd me may ask ourselves as to why are we the only fools bearing the burden of the whole society, and maybe if we too step back, perhaps there will be nobody ready to contribute anything for these necessities. And yet, all these are required. And before we forget, if there is somebody in the neighborhood, who thinks he is the big don, you and me may have to worry much more about keeping ourselves and our families safe, and when we do that, we may end up losing much more than we would ever be, by paying just taxes.
Taxes are never welcome, and yet there can be no respite from them either. Income tax is just another tax. If you venture into the world of economics, it will not take you long to realize that whether it is a tax on income, or consumption, or corporate profit, or turnover, or any other thing, in the end it is the people like you and me who have to pay it. And if we do not pay it... if we are smart enough to defraud the exchequer, we only
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