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You pay taxes. But what makes you pay taxes voluntarily? Your assessment of the benefits of evading tax against the potential penalties or fines for noncompliance - and the likelihood of being audited - may partly explain compliance decisions. Also, your abilWhy do people pay tax? - 2
You pay taxes. But what makes you pay taxes voluntarily? Your assessment of the benefits of evading tax against the potential penalties or fines for noncompliance - and the likelihood of being audited - may partly explain compliance decisions. Also, your ability to pay the tax, as well as the costs of compliance. I discussed these three economic factors in my previous article. Read more