Taxation and tax laws: A tax is a compulsory payment made to the state by individuals and organizations. It is imposed on personal income, business revenues or added to the cost of goods and services. Paying taxes is the civic duty of every American citizen. Therefore the knowledge of tax laws is crucial because it helps one to understand the extent of their obligation. This helps to prevent errors from occurring as well as to correct the mistakes that may have already happened.
Taxation and Tax Laws
There is no direct benefit that taxpayers get from paying their taxes; instead, it is for the common good of all citizens. This paper will analyze how individuals and corporations can become more organized at paying their taxes as well as become more knowledgeable about the current tax laws.