Discovering About The History Of Taxation And Money

The history of taxation and money dates back to when some of the first Pharaohs ruled in ancient Egypt. The Pharaohs regularly sent their henchmen around to collect a percentage of the crops or produce from their people. The crops or other products were used as a method of payment for taxes. This type of payment system was seen to be used world-wide.

Each countries leader or ruling group decided who had to pay and how much they had to pay. For example, a percentage of a farmers crop went to the tax collector, and the remainder stayed with the producer. As many of the taxes were paid in produce, they were used as supplies for the army, with a portion going to the collector and his master. The tax payer received little or nothing in the way of a return for their taxes.

History reports that anyone who did not pay their taxes was considered and treated as a criminal. At some points in history, it was not unusual to discover that individuals had been treated violently or sometimes used as an example and executed, to prevent other committing the same offence. As the system became more regulated, being sent to a debtors prison or losing a home or business was a punishment often used.

The use of gold and silver to make coins saw a decline in the practice of bartering goods and services and it quickly became possible to use these valued coins in exchange for goods and services almost anywhere in the world. Bartering remains popular in some of the remoter places in the world, but nations have developed their own currency and tax laws.

Governments along with the banks help to control the production and distribution of money into a country’s economy as well as dictate the levels of tax percentage. History has shown that increases in taxation have been one of the main sources for funding military actions. Tax rates have been reported to soar more during periods of war, than at any other time.

The money markets show that the value of the worlds currencies changes almost daily and will determine whether you get more or less for your money today, than you did yesterday. Those who travel abroad for business or holidays will be aware of the different currency values from one country to another.

Many people just know that their money does not go far enough and constantly voice the opinion that they pay too much tax. Knowing about the history of taxation and money is unlikely to make it easier to understand this often a confusing subject for many people.

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