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  • Essay / Persuasive Essay on Taxes - 703

    These taxes are levied on people's income, consumable goods, and wealth. Tax brackets are used to determine the percentage of income a person must pay with their check to the government. The prices have not always been substantial. Before World War II, tax rates were as low as 1% and 4% (Roberts, 2014). Consumable items, primarily purchased at a grocery or wholesale store, are also taxed, commonly referred to as sales tax. Although these taxes vary from state to state, the total cost paid by the individual is the amount of items purchased plus a percentage paid to the government. More simply, if a person were to buy a single loaf of bread, they would have to pay at least two taxes; once on income and the other on sales tax. Wealth taxes take the form of property taxes. Own a car, a house, land, a boat, etc. incurs additional taxes. Basically, if you own something of value, you have to pay the government to keep it. However, taxation has advantages. Since the government is involved in many affairs, it can reduce opportunities for monopolies and oligopolies to collude. Additionally, the government can reduce the large amounts of pollution emitted by for-profit corporations in the form of air, soil, and water. Of course, this increases production costs and increases tariffs or prices for the consumer, which costs