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The Brief Basics of Taxes

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A tax is an enforced contribution that helps to pay for various government services such as roads, schools or public health care and utilities. Taxes are levied by government entities and come in various forms, most commonly via direct and indirect taxation. Direct taxation can be most easily defined as taxes paid straight to the government by way of yearly income tax returns. Indirect taxation comes from the purchase of goods in retail venues. While there are rates for taxation set on federal levels, states and counties can also set their own taxation rates to help pay for various public works.

The first historical reference to a system of taxation dates back to the ancient Egyptians. As money was not widely in use, goods and livestock were often the sole means of contribution. Individuals often gave according to their line of work and those who could not or did not contribute enough were penalized. References to taxation are also found throughout Europe's history where taxes were imposed on everything from windows to a man's beard. In times of war, it was common for taxes to spike significantly to afford the expenses of arming soldiers and ensuring victory. These times could be a heavy burden on the average citizen.

Although there are other methods, taxes are commonly applied in the form of percentages. These percentages can vary depending on the entity that sets them. When attached to the purchase of goods, individuals pay the tax immediately with the price of the item. The retailer then regularly calculates these taxes from sales, on both state and federal levels, and pays them to appropriate office of revenue. When it comes to real estate and other property, taxes are paid annually. Retailers and individuals who do not pay the correct amount of tax owed on goods or real estate can face stiff fines and possible imprisonment.

Taxes have been a large part of history and there is hardly a country on the globe that does not have some point of contention with their current system. As will happen where ever money is an issue, citizens constantly express concern of whether a tax is too high or if the money collected is spent appropriately. In fact, it was the taxation of tea that lit the fuse to American independence. Almost a part of tradition, taxation has remained at the top of the list when it comes to hot button issues for politicians. Whether one disagrees with their tax system or not, a great number of things that citizens depend on everyday would not be possible were it not for an intricately structured tax system.



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Coweta County Property Taxes News

Commission chair candidates address public Commission strife - LaGrange Daily News


Commission chair candidates address public Commission strife
LaGrange Daily News
Kirby asked why if LaGrange and Troup County are so attractive, there were only 100 building permits issued, compared to 800 in Coweta County and 900 issues in Lee County, Ala. He said ... Kirby said he supported SPLOST, but not property tax increases.

Read more...


Hwy. 54, Gordon Rd. intersection closed for safety project - Newnan Times-Herald


Newnan Times-Herald

Hwy. 54, Gordon Rd. intersection closed for safety project
Newnan Times-Herald
54 on Gordon Road can be one of the scariest maneuvers in Coweta County. Thanks to a dip in Hwy. 54, it can be hard to see whether a vehicle is coming down the ... 54 project is now being paid for with funds from the Special Purpose Local Option Sales ...

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Coweta inks $50M deal for Niagara - The Citizen.com


Coweta inks $50M deal for Niagara
The Citizen.com
Economic incentives for the project include the waiver of up to $50,000 in permit fees. Bond financing includes up to 50 percent in property tax abatement on real estate for up to 10 years and up to 50 percent on equipment for five years. Neither the ...

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More school signals planned for Thomas Crossroads - Newnan Times-Herald


More school signals planned for Thomas Crossroads
Newnan Times-Herald
The agreement is among Niagara Bottling LLC, Shenandoah Park Properties, Coweta County Development Authority, the Coweta Board of Tax Assessors, and the Coweta County Water and Sewerage Authority. “This is a $50 million investment, and will ...

and more »

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Foreclosures listed for April among lowest in years - Newnan Times-Herald


Foreclosures listed for April among lowest in years
Newnan Times-Herald
There is also an ad for a 91-acre tract off Minnie Sewell Road. The foreclosure ad has the property being owned by Sunny Vest LLC. However, according to Coweta County property tax records, the property was transferred to Breakaway Atlanta Partners LLC ...

and more »

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