Wednesday, May 27, 2009

Taxes. We all hate them but we have to pay them!

Where do you think Mr.Case gets his paycheck from? =P
Here's a good clue for you, from the taxes that our parents pay! Don't instantly think badly about this because this is how the economy works out. We pay taxes, and some of those taxes go to government funds, paying people's paychecks and even for yourself. The taxes that we pay go towards paying for teachers, fire fighters, police officers, roads, government and many more. In order for us to live in a less stressful world, we pay taxes, so that we can worry less about things that don't need worrying to do. We have to pay a set of taxes in Canada. PST is 8%. GST is 5%. All businesses have to pay one of these taxes, however, if you know that your business will not be able to make more than $30,000 a year, you don't have to pay GST. Not only are taxes a pain, but they help us in many ways. For example, a portion of the taxes that we pay goes towards OHIP, which is a health card, and therefore is free for us. If you ever wanted to visit a doctor, it would be for free, because of the taxes we pay. But if you went to America and visited a doctor there, it would cost you a lot, for every visit.
Even though we all hate paying taxes, it is something we all have to do no matter what, and in a way, if you think about it, it helps us out!
That's all for today.
Don't forget to pay your taxes!
Bye.

- Peggy .

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