What are the advantages and disadvantages of tax system?
Kinds of taxes 1 Ad valorem 2 Environment Affecting Tax 3 Capital gains tax 4 Consumption tax 5 Corporation tax 6 Excises 7 Income tax 8 Inheritance tax 9 Poll tax 10 Property tax 11 Retirement tax 12 Sales tax 13 Tariffs 14 Toll 15 Transfer tax 16 Value Added Tax / Goods and Services Tax 17 Wealth (net worth) tax Funds provided by taxation have been used by states and their functional equivalents throughout history to carry out many functions. Some of these include expenditures on war, the enforcement of law and public order, protection of property, economic infrastructure (roads, legal tender, enforcement of contracts, etc.), public works, social engineering, and the operation of government itself. Most modern governments also use taxes to fund welfare and public services. These services can include education systems, health care systems, pensions for the elderly, unemployment benefits, and public transportation. Energy, water and waste management systems are also common public utili
