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A Plan where the government pays out more money than it takes in with taxes is called?
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∙ 11y ago
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How are post offices funded?
Post offices are funded by taxes. You pay taxes, the government takes that money and pays for post offices.
What is the current highest bracket for personal income taxes?
what is the probable result called when the government attempts to cover large deficits by creating more money
What happens when the government raises taxes?
When they raise taxes, people and businesses are required to pay more into the government. By raising taxes, it takes money out of peoples pockets and therefore they and businesses have less to invest. Investment is what drives the economy. Businesses cannot expand, they don't hire people to work, businesses shrink, people are put out of work and the economy as a whole shrinks.
Taxes and government regulations are part of the?
Government itself. A Government is a social collective head of a society which controls the society for which it needs money to perform. Therefore without taxes and regulations the government cannot function effectively.
Money taken out of a salary for such things as taxes Medical insuranceand retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
How do taxes affect the US government?
it takes our money
What is money paid to the government?
Usually such money is called "taxes".
What is a taxation?
When the government takes money from your income to pay debts and construction: taxes.
How are post offices funded?
Post offices are funded by taxes. You pay taxes, the government takes that money and pays for post offices.
What is the money the government takes on wages?
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) and federal income taxes and state income taxes and maybe some local taxes that is required to be paid to the government's.
When does the government spend more money than it takes in from taxes and other sources in a fiscal year?
budget deficit
How much does the government take for taxes?
The amount of money that your government takes for taxes is based on how much money you earn, the deductions you take such as for charitable donations, your marital status, the type of work you are involved in and other factors listed on the tax form.
What are taxes?
Taxes are money that gets paid to the government.
Where does the federal government get its money?
taxes
Where does the government get money to pay for all the services it provides?
taxes
How does government get its funding?
It called taxes. The government taxes tins of stuff for its funds.
Why does the state government receive all of their money from the federal government?
The state governments do not receive all their money from the Federal government. The majority of their funds come from state income taxes, property taxes and sales taxes.
