Ever since the country was officially founded on the 4th of July in the year 1776, taxes have been an ever-changing factor in the economic stability of the United States. There are a multitude of factors that play into the varying tax rates, and these can all be tied into changing demographics in the years following the founding of the nation. Because of an increase in age of population, increased growth of suburbs, and increased immigration, taxes are constantly fluctuating. Changing tax rates have differing results depending on the magnitude of change and the portion of population it affects. As the rates change it affects the amount of revenue being paid into the national gov’t. As a further result of less government tax revenue, the people
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This happens extremely often within large communities. “Recent independent reports suggest that state government agencies and departments routinely spend on programs and projects with little accountability to taxpayers, failing to consider what is the most efficient and effective way to stretch tax dollars to the fullest.” (Government Waste). The common misconception is that all of the tax money paid in is wasted on useless projects, however this is not the case at all even if it may seem like it at times. Regardless, the thought of one’s money being wasted affects their personality and attitude towards taxes and may cause them to move away from the urban landscape thus affecting tax revenue. Because of an increase in age of population, increased growth of suburbs, and increased immigration, taxes are constantly fluctuating. Taxes are an extremely touchy subject and the complete list of causes and effects is too extensive to explain. However, it is still possible to analyze the larger concepts and realize their importance in society today. Ever since the founding of the country on July 4th, 1776 the people of the United States have been learning from their mistakes and capitalizing on successes and they will continue to do so for the rest of
This happens extremely often within large communities. “Recent independent reports suggest that state government agencies and departments routinely spend on programs and projects with little accountability to taxpayers, failing to consider what is the most efficient and effective way to stretch tax dollars to the fullest.” (Government Waste). The common misconception is that all of the tax money paid in is wasted on useless projects, however this is not the case at all even if it may seem like it at times. Regardless, the thought of one’s money being wasted affects their personality and attitude towards taxes and may cause them to move away from the urban landscape thus affecting tax revenue. Because of an increase in age of population, increased growth of suburbs, and increased immigration, taxes are constantly fluctuating. Taxes are an extremely touchy subject and the complete list of causes and effects is too extensive to explain. However, it is still possible to analyze the larger concepts and realize their importance in society today. Ever since the founding of the country on July 4th, 1776 the people of the United States have been learning from their mistakes and capitalizing on successes and they will continue to do so for the rest of