Government Finances

“For every benefit you receive a tax is levied.” – Ralph Waldo Emerson.

When the topic of paying taxes arises in a discussion, it can often lead to a heated debate. Some individuals are in favor of paying an adequate amount of taxes. They believe that taxation is necessary in order to provide certain goods and services to society. Others believe that the amount of taxes required of individuals is extreme, and that the government should find other resources to provide certain goods and services.

As you begin your study of government finances, consider the role of taxation. Is the amount of taxes required of individuals reasonable and necessary or is it excessive?