Manolos on a Mission

Archive for the ‘Tax’ Category

Taxes are imposed by governments as means of generating income that they can use to support different public needs. Everybody pays taxes, whether directly or indirectly, in some form.

Those people who have jobs, whether for a company or for their own business and whether part-time or full-time, experience paying taxes commonly through salary deductions. While those who are not working like the students or the elderly experience paying taxes even when they only make a simple purchase. In most goods and services available in the market, there is an equivalent tax percentage applied to it and all consumers are required to pay for it.

But why do we have to pay taxes? Taxes serve as the financial machinery that allows governments to perform their responsibilities. Taxes are used to build public establishments such as national roads, bridges, hospitals, community colleges, and parks. They are also used to provide free services to those who earn below the minimum standard. They are also used to provide livelihood to people who are having difficulty settling for a job. Taxes are also used as a source of emergency fund for calamities and to maintain peace and order. There is more use of taxes but the important point is paying taxes responsibly is like extending a helping hand to the needy countrymen.

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We are the Manolo brothers and we have just started a business five years ago. We gained a lot of experience and knowledge in being entrepreneurs . And now, we want to share the knowledge we have gained about Business, Finance and Economics to others.

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