Policy Digest
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Taxes

Oliver Wendell Holmes, former Justice of the United States Supreme Court, once said, "Taxes are what we pay for a civilized society." Although people work hard to meet their needs and the needs of their families, there are some things they cannot purchase themselves. For example, the taxes paid to state and local jurisdictions help pay for police and fire protection. These taxes also pay for the operation of the local governments, and for local recreation areas such as parks and other public facilities.

On the national level, Federal income taxes help pay for defense for the country. They also pay for capital facilities such as highways and other transportation services, and for help for those who are poor or ill. These are all services that individual citizens cannot purchase the way they can buy food and clothing and the other necessities of life. When people live together in a society, all of its citizens must bear the cost of providing such services. Taxes are the means by which the society raises the money to cover these public costs.

Source:DOT

More About Taxes

Forbes.com: Taxes & Estates News
Taxes & Estates News from Forbes.com

Coming Up: Tax-Free August Shopping
by Ashlea Ebeling
28 Jul 2010 at 9:00am
More states plan sales tax holidays for purchases of clothes, school supplies, computers and even guns.
In Tax Court, Horse Racing Writer Finishes Out Of The Money
by William P. Barrett
2 Jul 2010 at 8:00am
But IRS loses bid to handicap Bill Christine with penalties. At issue: home office deductions, a $3,331 Algonquin Hotel bill.

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