0
Fed.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why will the baby-boomer generation be a potential problem for government spending?
the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security
Why were taxes created in America?
Taxes were created to fund the military and create jobs within the government. Revenue from state sales taxes pay for jobs within the state, property taxes pay for public education, and federal taxes pay for the military and those employed by the federal government.
Who pays for the military?
The government sets the pay for the military, the government pays the military and tax payers fund the government so that they can pay for the military. Keep in mind military members pay taxes as well so they themselves are paying a portion of their own pay checks.
What is unfunded pension liability?
Unfunded pension liabilityWhen a company, town or state pays its pensions obligations to retirees out of current income rather than from a separate fund to which it has contributed over time.
Which level of government help fund health care?
There are two levels of government that help fund healthcare. The federal government supplies the state government with funds to provide healthcare to people that can not otherwise afford it under the new healthcare reform.
Can AF Form 616 Fund Cite Authorization be issued to an individual that is not a government employee or military member?
False, it cannot.
How is the state sales rate determined?
Each state must select a rate that will fund its government operations and the needs of its citizens.
How is the state sales tax determined?
Each state must select a rate that will fund its government operations and the needs of its citizens.
Is medicare funded by state or government?
State governments do not fund Medicare - rather, it is paid by workers and their employers through payroll deduction. Medicaid is co-funded by States and Federal government.
What is the purpose of taxing?
To fund the government of the country. Taxes provide the means for the government to provide services to the country, such as road maintenance, health care, and a military to defend its people.
How is state sales tax rate determined?
Each state must select a rate that will fund its government operations and the needs of its citizens.
How is the state sales tax rate determined?
Each state must select a rate that will fund its government operations and the needs of its citizens.
