TAX

There are two things that make the governments of most of the countries make it exist. One is war, and the other one is tax. The taxes are the prime income of any country and the economy depends upon the taxes.

Taxes exist over centuries. It is the driving force that gives potential for countries for over years.

With the taxes, the government can do developments to the country (which they hardly do). There are different types of taxes available. Few of them are income tax, sales tax, customs tax, professional tax, luxury tax, entertainment tax, road tax and so on. If people pay proper taxes and if government makes proper use of these taxes, world will be the happiest place to live. But the fact is we have to strive hard to make it happen in reality.

Many people do not pay tax and because of this, there is a log in a country’s economy. Only when people pay the taxes properly, the government can set goals and plans for the proper duration and contrive many innovative schemes and benefits for the society. The money which has not been shown in account is called black money which is equal to black hole. These black holes will affect the economy badly.

Unless every one of us realizes the responsibilities we have and start acting on it, we can never expect a better tomorrow.