What would you like to do?
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. "
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An economic policy that advocated a reduction in government spending and cuts in personal income taxes is?
to take all of our money!!!!!! Income tax began, as far as I know, in England in approx 1800 to pay for the War against Napoleonic France.
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.
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.
For starters, public schools.
Too few people realize the benefits of using sales tax instead. http://www.fairtax.org/site/PageServer
Both the increased spending by the national government and the nationally imposed income tax
Since most government spending is funded by income tax (or by loans which are expected to be repaid eventually through income tax) the government uses income tax for pre…tty much everything the government does; in addition, we could observe that since this is a progressive tax (people with more income pay more tax) this is a form of redistribution of wealth (although of course, there are many tax loopholes so the scheme usually does not work exactly as advertised).
In a word, disaster! In Britain it will result in 5 million unemployed and anarchy. Geoffrey Howe and Margaret Thatcher infamously tried slash and burn economics in Britain in… the eighties to awful effect and it resulted in unemployment leaping from one million to three million almost overnight. Widespread civil unrest followed. Britain still suffers the legacy of the Thatcher years of underinvestment. Thatcher lifted restriction on what money could be invested abroad, so tax cuts resulted in money draining out of Britain. It was the start of globalisation, which is so spectacularly failing now. If another slash and burn government comes to power, things will get very bad indeed.
In 2006‑07 the Federal Government spent $48 billion on health and aged care.
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.
They can and they do.
For all of the services that are provided by the taxpayers money that is collected from the taxpayers to pay for all of the services that are provided for all individuals that… are benefiting from all of the services that are provided by the taxpayers money that is collected.
public things like hospilts and stuff like that
Income tax is very important for nation, development what ever any countries, when ever we don't pay income tax so then ever any country can't go a head. If we want to our cou…ntry look like a heaven so we have to pay income tax. That's way government want income tax.
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 de…al 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.