Should we pay Taxes ?

For many years we have all been paying taxes. Have we ever wondered why we are doing this act ? Governments in most of the countries have been demanding taxes from its citizens. Without taxation, Government cannot function properly as it need funding to develop the country.

Taxation can be classified as Direct and Indirect Taxes.

. Direct Taxes include – Income tax, wealth tax, property tax etc.
. Indirect taxes include - sales tax, water tax, excise duty etc.

Different countries have different percentage of taxation. The only country that does not have taxation are the Arab Countries as they get bulk of amount is Oil Exports. A country which imports more will have higher taxation compared to countries which import less and export more.