0
How did the federal government replace the revenue lost from lowering tariffs?
Wiki User
∙ 10y ago
it was given to the people the delt with after the revoulition war
Wiki User
∙ 10y ago
The federal government replaced the revenue lost from lowering tariffs through various means. One approach was to implement new taxes, such as the income tax. Another approach was to introduce new revenue sources, such as excise taxes on certain goods and services. Additionally, the government sought to stimulate economic growth and increase overall tax revenue through policies like progressive taxation and promoting trade.
Add your answer:
Earn +20 pts
Who was President when Alexander Hamilton managed the Federal government's revenue?
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
What new revenue measure was adopted by the Federal Government to pay for the northern war effort?
The Revenue Act of 1861 was introduced in order for the national government to fund the Northern war effort. It was America's first income tax.
What plan of government created a weak federal government?
The Articles of Confederation created a very weak federal government. After being ruled by Britain for so long, the last thing the colonists wanted was a government that reflected a monarchy. The Articles of Confederation failed to give government many different powers, including the power to tax and the power to build an army. Many saw the problems associated with the Articles of Confederation through lack of revenue and the absence of a strong military to quash rebellions that were becoming common.
What department includes the Internal Revenue Service that administers most federal tax laws?
treasury
Under Hamilton's financial plan the main source of government revenue was?
Tariffs
What is federal revenue?
AnswerTaxes, taxes and more taxes
Largest source of revenue for the federal government?
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.
Where does the federal government gets most of its revenue from?
Taxes
What are the federal government's main sources of revenue?
Taxes
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What tariffs were designed to provide income for the federal government?
revenue
The federal government's biggest single source of revenue is from?
Individual income tax is the federal governments biggest source of revenue. It has been the biggest source of revenue since 1950.
Who was President when Alexander Hamilton managed the Federal government's revenue?
George Washington was President when Alexander Hamilton served as Secretary of the Treasury, managing the federal government's revenue and also its enormous War debt.
What are 5 sources of tax revenue?
taxes,fees,bonds,state government,federal government
Which region of the nation receives the highest percentage of its revenue from the federal government?
The southeast receives a high percentage of its revenue from the federal government. Because of widespread poverty, property taxes are not enough to cover essential costs.
Which tax raises the most revenue for the federal government?
personal income tax
Which federal government institution levies taxes?
Internal Revenue Services or IRS
