What are Taxes and How do They Work Tax facts for kids

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Taxes have been around for hundreds of years. So you may be wondering what are they and why do we need taxes? • Taxes are used by the government to collect money from its residents to pay for things that the people need, like schools, roads, parks, libraries, and more. In fact, in order for the government to operate, it needs the money from these taxes. • Federal taxes help pay for national things like the President’s salary, Congress, federal judges, as well as the Military. State taxes pay for roads and the governor’s salary. County and city taxes help pay for schools, fire trucks, and the police force. • Believe it or not, If people didn’t pay taxes, the government couldn't run and the country could fall into a complete mess. • There are several different forms of taxes. There are so many things to learn about taxes that there are even people who work as accountants and all they do for their job is help people with their taxes. • #whataretaxes #whydowepaytaxes #whataretaxesfor #factsabouttaxes #whatistax • We upload a video every MONDAY! • We would love it if you would subscribe to our channel! • Watch our other videos: • What Is Memorial Day Video For Kids Preschoolers • • MEMORIAL DAY Memorial Day Weekend (... • Branches Of Government | Social Studies Video For Kids • • Branches Of Government | Social Studi... • Follow us on Social Media: • Instagram: / cadenceandq. . • Facebook: / heyguesswhat. . • Twitter: / dotdottoys

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