The government collects taxes in order to pay for all it's expenditures during the year. It uses the revenue collects to pay for our military and defense costs, and a great deal of tax revenue goes to wealth redistribution. This is where they take money from those who they tax and give it to others who pay no taxes. It is also used to try to buy friends by giving money to other nations around the globe in hopes they will become a friend of the U.S. There are so many different ways the U.S. Government spends you tax money that there is not enough space on this website to list all of them. Money goes to research on anything you can think of, arts grants, farm grants, new forms of energy grants, public parks, projects around the world, United Nations projects, etc.
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
mainly taxes
sales taxesindividual income taxescorporate income taxes
US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.
The federal government imposes taxes upon its constituents as a means to pay government officials for their efforts, to subsidize public works projects and provide funding for government agencies. The 16th Amendment to the US Constitution allows the government to levy taxes on forms of income as it sees fit. Simply stated, these income tax provisions act as a transfer and redistribution of wealth, indeed an inefficient one.The government lowered income tax rates on the higher incomes.
Why dose the government collect income taxes
The government should eliminate state income taxes.
If the government lowers your taxes your NET income increases.
Individual income taxes is the federal government's largest source of funds.
Mostly Income Taxes.
taxes
Taxes
The Constitution only allows for the Federal governments income to be from duties and imposts. The government also relies on income taxes, sales taxes and corporate taxes.
The income recieved by a government from taxes abd other nontax sources is called Revenue.
Individual income taxes is the federal government's largest source of funds.
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
Individual income taxes is the federal government's largest source of funds.