Where does the tax money go? Detailed answer

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Where does the tax money go? Detailed answer

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Where does the tax money go?

Taxes are paid without much joy. And these days there are so many taxes and they are so high that people wonder where the collected money goes. Taxation is the process by which the government receives money from the people in order to pay for those activities that it must carry out in the interests of the people. It is much cheaper and more advantageous to have public schools, streets, fire departments, police forces, and an army than it is for each family to separately maintain roads, educate children, and protect property. The spending of any government gradually increases during the year.

One reason for the rise in costs is the increase in national security spending. Local government spending on public needs is also constantly growing. It is necessary to take better care of the streets and roads. More good schools and institutions of higher learning are needed. People want more hospitals, parks, and other institutions run by city governments.

Income tax is an important source of funds for the activities of the central government. Cities and other localities receive part of the funds from income tax in their budget. Other taxes, such as value added tax, are collected to increase the government's money income.

Author: Likum A.

Random interesting fact from the Great Encyclopedia:

How did the Inca empire die?

In 1531, Francisco Pizarro was the first to land on the coast of what is now Ecuador. There he discovered an empire that stretched almost three thousand miles along the west coast of South America. It was the great Inca empire. The population of this empire was 16 people, it was larger than any European state that existed at that time. The empire was well run. Every citizen worked, and the state bins were full of grain, so that no one was hungry, even if there was a crop failure in some province. Good roads led to all parts of the country, so news and decrees reached every village.

Life in the Inca empire was completely controlled, and everyone was so obedient that, perhaps, this is why the decline of the empire occurred. When Pizarro invaded the empire with his 180 soldiers, a conflict broke out between the Inca leaders Huascar and his half-brother Atahualpa, who should be the ruler. Atahualpa won. Pizarro captured him by treason. At the same time Huascar was captured and killed. Pizarro then killed Atahualpa as well. The Inca Empire was left without a leader and could not resist the Spanish invasion.

American Indians used to obey, but now the Spanish conquerors gave orders. The Spaniards were interested in the Incas mining, so they forced them to work in the mines. They neglected agriculture. Many Indians died from hard work and lack of food. The Inca Empire fell into decline. Many Indians survived this period, and their descendants became the main population of the Andes in Ecuador, Peru and Bolivia.

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