Different Types Of Tax

So, without revenue from income tax, these states pay for the basic functions of government by their citizens who eat, wear

The cities receive their revenue from companies, state and federal accounts. But, a lot is paid by the residents of the state, for example; property taxes, permits, parks and recreation, homeowners taxes, taxes from businesses, court fees and fines, utility companies and other outside franchises. City revenue can also take fees for some services like, amusement taxes, and hotel occupancy.

For instance, the first year after cannabis was made legal in Colorado, the state had a major surplus in revenues. “Colorado reached over $50 million dollars in recreational cannabis sales in June… half of that is from medical sales” (Connell). Also, this gave Colorado an opportunity in rebuilding their state, such as adding new schools. For example, “Colorado schools have earned $13.6 million in just the first five months of 2015, a sharp increase over 2014, when the tax generated a total of $13.3 million for the whole year…” (Connell). To sum this up, this is one way to raise revenues to fund state education, and other shortages.

States available resources. When it comes to the tax policy, ordinary citizens are taxed more than the

States interact with their subjects in two ways: they exploit people and they provide services. This has been true from the earliest states in Mesopotamia to the nation-states of today. Taxation is one of the primary means by which states exploit their citizens or subjects, and taxes provide the revenue for the services offered by states.

Prior to the ratification of the Sixteenth Amendment of the American Constitution, the majority of the income received by the federal government was through tariffs and excise taxation (Pollack, 2013). Tariffs are taxes “levied by governments on the value including freight and insurance of imported products (Tariffs and Import Fees, 2014)”. Excise taxes are “taxes paid when purchases are made on a specific good, such as gasoline (Excise Tax, 2014).” While the individual citizen did not incur wage taxation, through trickle-down economics, consumers often dealt with higher costs of goods as importers sought to recoup

Historically, property taxes have been the primary source of the local government’s income. In fact, approximately 70% of the local governments’ revenue stems from property taxes (Lee, Johnson, and Joyce,

Taxes play a huge party in the United States of America. Taxes are peoples and entities contribution to society to pay for all the things society provides us with. Money moves from consumers to business when people buy goods and services. When the economy is increasing and growing consumers earn more and make more purchases. Through all the purchases the government collects sales tax. The government collects money from the market purchases but provides goods and services. “The tax budget is divided into both mandatory and discretionary spending, depending on how it is allocated each year”(Reference/Government). The first time the government initiated tax was for the civil war in the 1860’s but then it was repealed in 1872. In 1913 Congress

Many services offered to the public are funded by theses taxes, which could not be administered successfully under some other arrangement. Taxes are defined as an obligatory subsidy to state income. These subsidies are imposed by the local, state, and federal governments on workers wages and business’s financial gains or added to the cost of some

Taxes are the dollars that we pay to government to supply the services that are not or can not be provided through the free enterprise system. Taxes have been around since the beginning of organized societies. They come in various forms. Most common are income taxes both federal and local government. These taxes are assessed on the amount of income a person earns. Other taxes come in the form of user taxes; these taxes are imposed on the people that are using the goods being taxed, such as gas tax, alcohol tax, sales tax, and luxury taxes. Property taxes make up the major revenues for local and city governments. Furthering the burden of taxation are taxes that are attached to such bills as utility

Taxation in America has always been a huge factor of societal and governmental focus. The nation started with a hatred for taxes dating back to the tax burden placed on the American colonies by Great Britain. Early in its history, America had few very few taxes. However, it became the major source of revenue for the United States government. The War of 1812 created a higher need for taxation, and initiated the nation 's first sales taxes which were placed on gold, silverware, jewelry, and watches. But in 1817 the internal taxes were repealed, and the government relied on tariffs on imported goods for funds.

Tax research whether on a state or federal level is in place to allow a tax expert find solutions to any tax questions a client might forsee. The federal and state governments provide individuals with all of the basic requirements throughout the communities and society that is taken for granted. The programs responsible for assistance in times of need, providing a quality standard of living, and maintaining the strongest military in the world costs large amounts of money and would never exist without taxes from the entire country. Taxes are payments that are made by individuals and businesses to support the governments and their services. Taxes paid by individuals are redistributed as wealth towards the central governments in an effort to go towards the creation and the maintaining of everything that makes the United States a leading industrialized nation. Within State and Federal taxes there are many simialrities and differences. Throughout the paper; constitutional challenges are discussed along with the bill passages. Both State and Federal taxes will be assessed.

States tax their citizens in a similar fashion as the federal government. However, the income tax rates or percentages at the state level are much lower. States also employ a tax that the federal government does not have. This tax is called a sales tax. The tax on goods and services such as clothing, automobiles and dining in at a restaurant is regressive. No matter what the income of an individual, the tax remains the same, unlike a progressive system. There are many states that do not have an income tax. These states get a large proportion of their revenue from sales taxes. States such as California, New York, and Massachusetts, have some of the highest state income tax and sales taxes in the United States.

Taxes have been around throughout the world since the idea of civilization came to being and was implemented. The earliest forms of taxations were implemented around 4500 years ago in Mesopotamia where people used to pay taxes by use of the commonly accepted currency then which was livestock. These kinds of taxes were paid throughout the year to finance the activities of the governing sectors. Looking at the ancient world, there are taxes such as the estate taxes and the death taxes. An example of a country that had death taxes was Egypt which upon the death of an individual the people left behind who would get the property the deceased had were to pay a ten per cent tax on the property they were to inherit. Over the years, the way we pay taxes

To this day, our federal government imposes taxes on its citizens in order to properly run government programs, build public amenities, pay off the national debt, and support the overall well-being of the nation. Because of the benefits of taxation, one would believe that more