It is a known fact that high taxes in any nation hurt the individual and this is because the government is inefficient compared to businesses in the things that they do and when they tax us, the money they spend is not well spent. If on the other hand taxes are low and the individuals and consumers have more money to spend they are much better with their money and much more efficient.Likewise, when small businesses reinvest due to tax incentives and pay less overall taxes they too are more efficient and can expand their businesses and hire more individuals to work. More people paying into the system means there is more tax revenue without raising taxes. …
Tags: irs, income tax, tax, purchase tax, taxation