American Tax

9 Pages 2318 Words

ganized societies, governments have been formed to rule over and to protect the interests of these societies. In order for these governments to function there was a need for revenue to meet the expenses incurred by these governments. This need for revenue was met by levying taxes on individuals and businesses. It has always been a question to the population being taxed as to whether or not the government was doing a good job in assessing and managing the money it collected from taxes.

Taxes 4
The purpose of this report is to determine if the government is acting fairly in its taxation of the American population, and to point out the waste in government spending. In an article published November 1995, an unknown author explained the need for government “revenue” by defending what the revenue supplies for the people. In America we live within a free enterprise society. A free enterprise system is based on the idea of competition is good and that only the most efficient businesses will survive. The free enterprise system works with the idea that the consumer is somewhat knowledgeable about the products they buy. However, in today’s modern world the consumer cannot be always be expected to make an informed decision about something. This is where federal laws are put in place to protect the interest of the public. Examples of such laws are regulations covering quality and safety of home construction, cars, and electrical appliances. The economics of taxation, (p. 2) Such societies do not supply all the needs and services that are required. Good examples of these types of services are national defense, and local and state government. Other examples of services the government supplies are managing our natural resources, including water supplies, construction and maintenance of roads and bridges. Revenues pay for social programs such as social security, welfare, medicare, and other government funded program that have been put in pla...