What would you like to do?
What does the government spend our income tax on?
At a state level your income taxes may being doing what they are suppose to, but at a federal level, they do the same thing they have for a very long time...please, let me copy and past from "PRESIDENT'S PRIVATE SECTOR SURVEY ON COST CONTROL" A REPORT TO THE PRESIDENT (Reagan) ..."Resistance to additional income taxes would be even more widespread if people were aware that:
- One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey.
- Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken.
- With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government. "
Was this answer useful?
Thanks for the feedback!
when economy is stable
There is a federal budget deficit.
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services?
The income recieved by a government from taxes abd other nontax sources is called Revenue.
The three biggest are - roads, emergency services and the legal system !
The National government spends taxpayer's money on the war, repairing roads and bridges, the stimulus bill, health care, educational purposes, safety for our country, helps su…pport companies and businesses, and to pay for Obama's pension.
It depends on what "government" you are asking about. In the United States of America, the Federal government and most states levy and collect income taxes. So do many citie…s. In the Federal Government, income taxes are levied and collected by the Internal Revenue Service, which is part of the Treasury Department. The Treasury department is part of the Executive Branch, and is reports to the President.
An increase in government spending helps to stimulate an economy. Because the government is now paying other people to do work, those people are now receiving an income. They …can then reinvest in the economy, leading to an overall growth in the nation's economy.
Answer The US House of Represenatives has that responsibility.
The federal gov doesn't pay taxes
What would be the expected effect on spending by the public if the US government lowered personal income tax rates?
Some say that the people will have more money. The government will have no money to build more roads, more buildings, and more schools. The problem is finding a good middle be…tween too much tax and not enough tax.
income tax is one of the most important source of government revenue. in us around 31% and UK around 29% of government revenue comes from income tax . this is the biggest sour…ce of governments revenue. this is only one of many imporatnce.
the government spends this tax money by aiding and helping everyone to obtain all their needs in the society and country.
public things like hospilts and stuff like that
In Income Taxes
Actually according to the US Constitution Article 1 Section 8 states "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and… provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;" (bold and itallics added for emphasis. The 16th ammendment simply added ..."from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." For those who believe the 16th amendment was never ratified, it doesn't matter.