Taxing the People

Taxing a country’s people is perhaps one of the most unpleasant tasks which any government faces and yet it is one which all governments must do. When trying to be elected, most political parties will take one of two views. The first is to promise less government spending and therefore be able to reduce the tax rates. The second view is that a party will offer bigger and better things but as a consequence, may have to increase taxes to pay for the improvements. Of course though, what people want is improvements and reductions in taxes and so either view is both wrong and right in their own way. Any election therefore rests in the mood of the people as, if they feel that they are paying too much in taxes and not seeing results for that money; they will probably opt for a reduction in tax rates. On the other hand though, if the people are tired of roads being in a state of disrepair and there are a lack of amenities; they may accept paying extra taxes on the promise of improvements. This means that all would appear as it should be, with the people deciding their own fates however, once a party has been elected, it is then that the problems may arise. Any government elected on the promise of cutting spending and reducing taxes that doesn’t do that, will probably not see a second term and likewise any government that gets elected on the promise of improvements which fails to provide any; also may not see a second term. It is however difficult for any government to accurately estimate the total amount of taxes they may receive in any given year and one of the reasons for this is the incorrect payments of taxes which are due and had therefore been counted on as being received by the government. Usually any shortages in tax revenues are due to businesses and corporations that hire professional tax accountants to find loop holes in the tax laws, allowing the businesses to pay less than they perhaps should. There are though many instances where regular workers’ pay more tax than need to have. This is often due to them not fully understanding all of the tax benefits they are entitled to. For this reason many of the Tax returns 2016 for regular workers were filled in by professional tax accountants. Although these tax accountants may usually work or businesses, they will also make themselves available for anyone that has a problem with their tax return. As professionals, these accountants are fully aware of any and all tax benefits allowed to be claimed and so are often responsible for getting their clients tax refunds which are large enough to pay their fees and still have change. In a world where governments continue to increase taxation, it is important to know of any benefits that you are entitled to and make the appropriate claims for them, regardless of how small some may seem as they all build up to something substantial.