In this day and age, everything in the market and even our owned properties have certain taxes that are most likely imposed by the government and the nation. Taxes is anything that is in monetary value or other levy that is charged or imposed to an individual or legal or business entity which is also called as taxpayers by the state where they are situated in order to fund different kinds of public expenditures. In other words, taxes are charged and imposed to a taxpayer in a goal to raise the profit which are used to supply a specific government and other types of functions which includes income and expenditures on scientific research, military, highways and public works, arts and culture, distribution, dissemination and data collection, public insurance, the government and finally, is the economic infrastructure such as health care systems, legal systems, roads, public transportations, sanitation, public safety and education. A certain government are using different types of taxes and varies with the rates of taxes in regards to the social and financial status of a business and an individual or family. For a government to create and produce a system of taxation and the nation is the one who makes the choices in regards to the tax burden that is distributed amongst the citizens for how much they will pay, who is tasked to pay the taxes and how the taxes that is collected will be spent.
Tax returns for example in the country of the United States of America is a kind of report that is filed either with the tax collection agency that is located locally, with the state and the internal revenue service or IRS, which contains the documents, knowledge and information that are used to calculate other taxes implemented by the government and the income taxes. An internal revenue service is a government agency like for example the bureau of the department of treasury in the United States of America that is under the direction of the commissioner of internal revenue that is basically responsible for the intake of the income or profit of the government that includes all kinds of taxes and other non-tax revenues in the purpose of collecting taxes and the administration and management of the internal revenue code or IRC. Its main purpose of proposing and creating a tax return is to help indigents or poor individuals or families to pay for inclusion by offering financial support to them and to compensate or to offset the expenses of monthly healthcare insurances and other expenditures.
Source: Tax Return