What Is The Past The Present And The Future Of Taxes In America?

From the time of their first job to the time of death, each and every American Citizen pays income taxes. To fully understand taxation, a citizen must look into the past, the present, and the future of taxes. The past, the present, and the future situations of taxes can be analyzed to determine the purpose of the taxation system in the American society. What is the past, the present, and the future of taxes in America? In the past taxes have been a touchy subject. Taxes in the early colonies could be seen as a breaking point between the colonies and the mother country, Britain. The taxes were not always income taxes, but sales taxes on imported items such as sugar, stamps, and tea. These taxed items were taxed for Britain to maintain power and control over the colonies. As Oliver Wendell Holmes, former Justice of the United States Supreme Court, once said, "Taxes are what we pay for a civilized society.” Oliver Wendell Holmes means that in order to keep a functioning American Society and Economy we must pay taxes. …show more content…
The federal taxes are what the American people have paid to support national defense and security. These federal taxes pay for many federal operations as well as government facilities and roads. The State taxes paid to state and local are used to pay the law enforcement and fire departments. These taxes are also used to pay for local government operation. Amy Fontinelle of Investopedia, A NASDAQ educational website, writes, “The estate tax, which was enacted in 1797, was often in response to the need to finance wars.” This means that the taxes are often created when there is a need for the benefit of the