Category: Taxes
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Poverty and Wealth in the WORLD
“Imagine a world with about 200 nations, each one unique. Each year, international organizations such as the World Bank collect and analyze data on these nations, helping to paint a picture of how things are changing over time. Recently, we looked at GDP (Gross Domestic Product) per capita data for 1990 and 2022, and divided…
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Why Paying Taxes?
Multiplying the number of inhabitants by age group by their annual income gives the total income by age. The following graph shows the income for all age groups that alone is not sufficient to support the needs for the education of young people and the livelihood of the elderly. The difference must be covered with the…