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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 country look like a heaven so we have to pay income tax. That's way government want income tax.
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∙ 12y ago
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Why is income tax so important for the government?
mnkjl
Why is income tax important for the government?
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 source of governments revenue. this is only one of many imporatnce.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
What created the income on tax?
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
What is mean by income tax?
It is what the federal or state government charges you on your income. (the money you earn) It is a percentage of your income. It mean the tax youse has to pay on youse income.
What is income tex?
An income tax is a tax imposed by a government directly on financial income. It varies with the income or profits of the taxpayer.
Is federal income tax direct or indirect?
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.
Can the government tax the income of people?
They can and they do.
From which form government gets more Income?
income tax
Who is gives maximum tax in India government?
Income Tax
Why was the 16th amendment important?
it allows the federal government to tax people income directly, "income tax".
Do US citizens have to pay tax on employment income?
Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.
