Taxation is known to be a key issue in political economy as it affect the activities of all states. An example of tax dollars helping the economy, keeping the country safe, and improving quality of life is income tax.
income tax is simply known as the money a citizen pay to government from their income.
- The tax dollars from one's income help to support common resources, such as police and firefighters.
Tax money helps to provide good roads, fund public libraries and parks, good healthcare etc.
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