Why are taxes necessary? Taxation is essential to the functioning of the modern state. To pay for the things that we need to live our daily lives, such as water, roads, security, and education, the state must collect taxes to pay for these expenses. We all have to pay taxes so it is important for us to know more about how the U.S. government decides to collect income taxes. If you are working now and when you work in the future, you will pay taxes. You will notice that several types of taxes are withheld from your paycheck. These include payroll taxes and deductions for income tax. Payroll taxes are automatically withheld and pay for Social Security and other government services such as unemployment and disability insurance. The other portion of taxes withheld from your paycheck is for income tax. The amount withheld is defined when you fill out the W-4 form from the Internal Revenue Service (IRS) before you start your job. This form allows you to identify whether you are dependent on your parents or not, are single or married, and whether you have children and how many?

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The passage is right on the money Heres a breakdown of why taxes are necessary and how they work in the United States Why Taxes Are Necessary Funding ... View the full answer