How does taxes work in America?

Question

I asked this question already, but i was to vague about it. Anyways, i wanted to know how all types of taxes work? I always hear about people complaining that taxes are too high, whats the problem with taxes? isn't it high because we're in war?

Another question i had was how gas works in America, basically why are we running out of gas and why is the price so high? are there other places to get gas besides Iraq?

Answer 1

Well I'm going to get political but.... Taxes are used to pay for things the government needs, Its like your job, our taxes are how WE pay our government for.....well governing. but the main problem is that we don't bring in enough money, Republicans only believe in spending, borrowing, and spending some more. I know alot of people think Bushes tax cut were great, you remember the ones that favored the rich 1%, well he just keeps spending and spending and were not bring very much money in that why the debt keeps rising, Now don't get me wrong borrowing sometimes isn't bad, its when you keep doing it that its bad. Look at it this way, You have a job and lets say you make $500.00 a week, but your spending a thousand dollars a week, next thing you know your in debt up to you eyeballs, that's alot how the government is functioning now. And The reason for high gas prices is for one reason and one reason only....GREED, look at Exxon for example they just posted their quarter profit...10 BILLION dollars and that was just for one quarter. the American people are being bent over in the prison shower, and its time to wake up. You cannot spend without making money (some borrowing is OK, so long as it doesn't get out of control) and the oil company's are shafting the American people, something needs to change.

Answer 2

WOW! Do any of these people answering live in America?

Taxes are different for everyone, based on income, or other things. Property taxes are based upon the place you live (for instance, someone who has beach front property in California will pay more in taxes because more people would like to live on the beach - the same goes for cities)

As far as other taxes go, sometimes taxes get raised because of wars, depending on how the war will affect other countries who need aid, or other things from America. In the study of Economics, supply and demand plays a huge part in all governments (if the supply of gas is high, the prices will be lower)

Gas in America depends on many things. Country relations is one of them, and there are other countries who have gas shortages right now worse than America. The civil war in Nigeria is playing a part in this as well.

Check out the economy of natural gas online some time; it may answer more than I can!!

Answer 3

Taxes haven't gone up because of the war - the average American between local and federal taxes pays about 26% of their net income. According to reports, they will then spend another quarter of their income on other taxes which include property, gas, vice and sales. Still, taxes in the US are not as high as they are in other countries.

The price of gas is high because it's supply and demand. It's like the stock market - a rumor is out about the head of a company and the stock drops. Gas fluctuates on speculation and barrell price instead of actual occurance.

Answer 4

Income tax: Taxes are taken out of your paycheck - what percentage depends on how many children you have, how much you make. You pay both a federal and state income tax in most states.

Sales tax: Every time you buy something, you pay an extra 6-10% in sales tax - usually goes to the city and state where you shop. Pays for schools, police and fire, local road work...

Property tax: Based on the value of your home, you pay a tax - goes to the city, county and state (varies) and pays for schools, charity hospitals, police and fire, local road work...

Vehicle tax: Based on the value of your vehicle, you pay a tag fee to the state.

Social Security tax: You pay this for the federal retirement program that will supposedly give you money when you are old.

Answer 5

In Bush's America, The taxes are collected in a disproportionate manner from the middle class and then paid to rich Treasury Bond holders who are tax exempt, to pay the debt Bush has in-cured by giving tax breaks back to the rich and to rich arms suppliers to continue the war (for resources for the rich) that is being fought mostly by lower middle class and lower class troops. In Bush world, "Ain't it great to be rich."

Answer 6

they add 8cents to each dollar i think