Know How Our Hard Earned Money Is Put To Use
3. Taxes Help in Subsidizing Cost of Food Products
Food prices in India are always on the rise no matter where you buy it from. Taxes help in reducing the food prices when the venders buy the food products from the supply chain. On the other hand, the farmers provide these food products and groceries in a much lower price only after getting the best price for their yield from the Government. This is how the taxes are indirectly helping the farmers in getting the right price for the vegetables. It is also helping the general public in purchasing and consuming these food products at a much lower price.
4. Grants Given by Central Government to State Government
Taxes help in giving grants to the state governments provided by the central government which in turn helps the general public as a whole. For Example: Grants given to Dept. of Health helps in giving free medicine and overall checkup’s for patients who live below the poverty line. General public can take up these initiatives to help themselves as well as their family with minimizing the cost of expenditure.
Read More: 8 Countries Where The Value of 'Indian Rupee' is Beyond Imagination
