Let’s talk about taxes.
Yes, those taxes. The ones that make your eyes glaze over when you hear words like “deductions,” “withholding,” or “audit.” But stay with me — because taxes might be more important to your life than you think, and they’re definitely not the villain we love to hate.
What Are Taxes, Really?
At their core, taxes are the price we pay to live in a functioning society. Roads? Paid by taxes. Schools? Taxes. Emergency services, trash pickup, clean water, even public parks — all of it, funded by our collective contributions.
But we rarely feel that connection. All we usually see is money leaving our paycheck.
Why Taxes Feel So Frustrating
Most of us aren’t taught how taxes work. We enter adulthood and suddenly we’re expected to know how to file returns, understand brackets, and claim dependents — all without a manual. It’s overwhelming. And because we don’t always see the impact of where our money goes, we start to resent it.
But Here’s a Thought: What If We Shifted the Narrative?
Imagine treating taxes not as a punishment, but as a responsibility. Like voting, or helping a neighbor. What if, instead of dreading tax season, we approached it like an annual check-in with ourselves:
- Did I earn what I expected this year?
- What can I do to lower my tax burden legally and smartly?
- Am I putting money toward things I care about?
What You Can Control
You may not be able to control how much the government takes, but you can:
- Learn about deductions and credits you’re eligible for.
- Choose where to donate (charitable contributions = tax benefits!).
- Save smarter (retirement accounts often come with tax perks).
- Use your vote to influence how tax dollars are spent.
Taxes Aren’t the Enemy — Misinformation Is
You don’t have to love paying taxes. But understanding them is a power move. It means fewer surprises, better financial choices, and a little less stress come April.
So next time tax season rolls around, don’t panic. Get curious. Ask questions. Maybe even hire help. Because the more you know, the more you can make the system work for you — instead of feeling like it’s always working against you.
For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.
