2007-07-04 02:52:47 · 9 answers · asked by IRSTAS 4 in Business & Finance ➔ Taxes ➔ United States
We have to pay taxes to fund the government. Corporate and individual income taxes are used to help pay for items in the U.S. Budget. http://www.whitehouse.gov/omb/budget/fy2007/
For example, the military, and the Treasury Department. Since the IRS is part of the Treasury Department, a portion of your taxes actually goes to pay your salary.
If you read somewhere that all of our taxes go to the Federal Reserve to pay interest on U.S. debt, that is false. The Federal Reserve does carry a portion of the U.S. debt, however, by law, about 95% of the interest collected by the Federal Reserve is returned to the Treasury Department. The other 5% is used by the Federal Reserve for expenses.
http://www.cbo.gov/ftpdocs/55xx/doc5502/doc59.pdf
2007-07-04 04:05:54 · answer #1 · answered by NGC6205 7 · 1⤊ 0⤋
I think the point of the question is that you get paid by the government and then you have to turn around and give some money back in the form of taxes. I.e. Why not just cut out a step and pay you your net income only? My guess is that it has to do with wage comparison and tax exemptions.
If govt employees were only paid net income, it would appear at first glance that they were being paid less than someone in the private sector with a similar job (this might be the case anyway). It would be difficult to attract new employees if it appeared that their wages would be lower at the IRS than at an accounting firm.
Next, and more importantly, not everyone pays the same amount of tax on the same gross income. You might give some money away to charity. Or you have 2 children. Or you took some of that money and invested it in Enron (or Google). Since our tax system has so many deductions and special cases, your tax liability is very sensitive to what you do with your money once you get it. As such, the IRS has to give you that money, let you do stuff with it, then determine how much you have to give back.
2007-07-04 04:58:51 · answer #2 · answered by Lord B. 1 · 0⤊ 0⤋
I guess the same could be said for me. I am a teacher. Why should I pay taxes? As a social studies teacher I can say that I know the taxes go to mulitiple things, not just the IRS or school systems. So the best thing I can tell you is that you pay taxes because some of that money goes to fund other things, like roads, schools and all kinds of government crap that we have nothign to do with.
2007-07-04 03:02:19 · answer #3 · answered by msdeville96 5 · 0⤊ 0⤋
Actually, if you really work for the IRS, maybe you can tell us how we can sign and file a 1040 without waiving our 5th amendment rights.
2015-08-07 11:09:04 · answer #4 · answered by Sean 1 · 0⤊ 1⤋
If you really do work for the IRS you already know the answer to that so I won't waste my time explaining it all.
And if you work for the IRS and they figure out who you are, you'll be sh!t-canned for posting that question as IRS employees are prohibited from identifying themselves as such in public forums. You know that already, too, so enjoy your unemployment.
2007-07-04 05:46:53 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 1⤋
Taxes pay for the costs to run the government, including your salary.
2007-07-04 03:44:28 · answer #6 · answered by Steve 6 · 0⤊ 0⤋
If you really worked for the IRS you would know that it is a 1203 violation to identify yourself as an employee in a forum such as this and can be suspended or discharged from employment for doing so.
2007-07-04 03:43:38 · answer #7 · answered by Anonymous · 3⤊ 2⤋
yes ur right the amendment was never ratified blah blah balh ask ur bosses not us.
seriously i love free speech but this question being asked 5 times a day in here gets annoying.
2007-07-04 04:18:37 · answer #8 · answered by blktan23 3 · 2⤊ 0⤋
well if youwork there i would assume you would already know but our taxes go to pay for all the civil jobslike firemen, police, teachers, public works, government programs
2007-07-04 03:04:24 · answer #9 · answered by Angela F 3 · 1⤊ 0⤋