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Taxes are spent in numerous ways. They are normally spent by the Federal or National Government of a country on it's infrastructure, capital projects such as roads and hospitals. It pays for defence, and economic development. In some countries it pays for the welfare for the less fortunate in society.
It helps pay for Direct security other than armed forces in the form of Police, Border Control, and indirect security in the form of Prisons and the Judiciary
It can also be used as loans or support to other countries in the form of Foreign Aid. It pays for the people who work in Government, and for the education of young and not so young. It may pay for housing and the environment improvements/
Basically if it is not privately owned, your taxes pay for it
What else can I help you with?
Do you get taxed on money saved?
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
Why was whiskey taxed?
money
Does a snooker player get taxed for a 147 break?
No, but a player will have his prize money taxed.
Who is being taxed when more money is printed?
When more money is printed, everyone who uses that currency is indirectly taxed through inflation, as the value of their money decreases.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
Why do you get taxed?
because the government needs money
How did the government raise money for ww1?
taxed citizens
Is the money you get from the National mortgage settlement taxed?
yes
Are loans taxed as income?
Loans are not taxed as income because they are considered borrowed money that must be repaid, not earnings or profits.
Is business money taxed when earned outside of UK?
Yes, it is.
Is vacation time taxed?
Vacation time is not taxed as income, but the money you earn while on vacation is typically subject to income tax.
What's the difference between a 401k and a Roth 401k?
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
