why is it taxation is known for a critical role in the lives of men and women and their countries destinies?
according to this chapter taxation has played a critical role in the lives of men and women and their countries destinies.
Taxation best answer:
Answer by simplicitus
Typical taxation rates in developed countries run around 40% (including sales taxes, local taxes, etc. as well as national taxes) That is a hefty part of anyone's income. How tax policies are set up (regressive vs. progressive; encouraging consumption, encouraging investment, vs. neutral; etc.) therefore has a major effect.
Also, the corollary of the size of the governments' take is that the governments have a lot of money, hire many people, and hence a great deal of influence on society above and beyond the simple matter of laws, etc.
For example, in the U.S. the federal government's budget is around $ 2.7 trillion out of a GDP of about $ 14 trillion, and it employs about 16 million people. The state governments employ about 13 million people.
http://www.50statejobs.com/gov.html
And then there are the local government employees. All out of a total of about 150 million people working.
(Note that these statistics separate out teachers, doctors, etc. that work for the governments out of the "government" category:
http://www.bls.gov/news.release/empsit.nr0.htm
Taxation
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