Q:

Why are taxes important?

A:

Quick Answer

The IRS indicates that taxes are vital to support the infrastructure that citizens rely on at the local, state and federal levels. Taxes support national defense programs, roadway construction, social service programs, public health and education. Without taxpayer support, many of these programs cannot exist.

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Why are taxes important?
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Full Answer

Taxes are a way for the government to pool some amount of important resources from the private sector to the public one, according to the IRS. The ability of the government to provide basic safety and community systems with tax revenue is important to maintaining the freedoms and basic living standards that typical Americans expect.

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Related Questions

  • Q:

    How do tax forms typically vary between states?

    A:

    State tax forms vary based on the type and amount of taxes that specific jurisdictions impose; some states in the United States have tiered tax brackets with taxes adjusted to income levels, while others have a single tax rate for all citizens and some have no income tax at all. When establishing income tax levels, states generally follow the federal standards, states TaxPolicyCenter.org. However, they may impose alternative tax rules that control what percentage and type of income qualifies for taxation.

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    What tax exemptions are there for senior citizens?

    A:

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    What is IRS Form 940?

    A:

    Internal Revenue Service Form 940 is the employer's annual federal unemployment tax return that employers use to report federal unemployment taxes, as of 2015, states the IRS. Federal and state governments combine their taxes into a fund that compensates workers who become unemployed.

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  • Q:

    How do you e-file your taxes?

    A:

    File your U.S. income taxes electronically for free through the IRS website's Free File program if you meet certain requirements, as of November 2014. You can fill in certain forms for free on the IRS website even if you do not qualify for Free File.

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