whats the purpose of filing taxes?

Answer 1

Because our government now demands blood from every aspect of our lives.

And we have to report it to them.

Boston Tea Party anyone?

Answer 2

We have what is called a voluntary tax system. People state their income and deductions on their tax returns and determine the amount due. In some countries, the tax system is a value added tax, which is a sales tax imposed at every transaction in the economy. The tax is collected on all sales and the consumers do not have to file tax returns, each business just reports the sales and transmits the tax periodically. No allowance is made for home ownership, medical expenses, charitable contributions, IRA contributions, etc. Congress allows deductions to provide an incentive for certain behavior (charitable contributions, home mortgage interest) and to help socialize other costs throughout the economy (theft losses and medical expenses). No such deductions exist in a nation relying on a VAT.

Answer 3

Because your situation changes throughout the year. You may have paid too much or you may have paid too little through federal with-holding. When you file, you determine whether you owe more or they took too much. If they've taken too much, then you get a check back.

Answer 4

To determine the exact amount of taxes due.