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How do states that do not collect state income tax pay for services that other states use tax money to pay for?
Generally it is all paid through sales tax revenues or similar taxes. You will notice that most states that do not have income tax have higher sales tax rates.
ANSWER: The beauty of states that do not levy an income tax on the people is that it demonstrates how unnecessary income taxation actually is. While sales taxes are usually higher in these states these sales taxes can be defeated by simply not purchasing the items being taxed. The Internal Revenue Code makes clear that any attempt to defeat or evade the income tax is criminal and subject to prosecution and conviction leading to stiff fines and/or prison. Of course, that's assuming you are actually subject to the "Personal Income Tax". There are people who are subject to this law and people who aren't. Which are you?
What else can I help you with?
Why do states charge income tax?
To provide money to operate state government services.
What do you call money governments collect from people and businesses?
The money that governments collect from people and businesses is called "taxes." Taxes can take various forms, including income tax, sales tax, property tax, and corporate tax, among others. These funds are used to finance public services, infrastructure, and government operations.
Does Texas collect an income tax?
yes how will they get money for air in the police depatment...there not going to pay it
What the function of bureau of internal revenue?
To collect the money, in taxes, that is needed to run the government and provide services.
Does the IRS accepts income tax returns from people who have used free services?
No, the IRS does not accept these returns, as these services are free and therefore have no income. To do this would be taking money from a place that does not make any.
Local government collect most money by taxing what?
Local government collect most money by taxing products and services. The individual income is also taxed as a way of collecting revenue.
Why do states charge income tax?
To provide money to operate state government services.
What does the income-expenditure identity say about the relationship between income and expenditure?
The income-expenditure identity states that in an economy, total income equals total expenditure. This means that the amount of money earned by individuals and businesses is equal to the amount of money spent on goods and services.
Money received for products or services?
income
How much money does the US government collect in income tax?
2.16 trillion
Why do states collect income tax?
The same reason as the federal government and county governments collect taxes, to pay for the operation of the government. To pay for services of the government like police protection, fire departments, etc. The problem is that government is a never ending bureaucracy that seems to feed on itself.
What do you call money governments collect from people and businesses?
The money that governments collect from people and businesses is called "taxes." Taxes can take various forms, including income tax, sales tax, property tax, and corporate tax, among others. These funds are used to finance public services, infrastructure, and government operations.
Can rent a home i own and still collect ssi?
You can rent a home and still collect social security money. Social security money is meant to be a subsidy and not your only source of income.
Does Texas collect an income tax?
yes how will they get money for air in the police depatment...there not going to pay it
Where does a state get its money to spend on services?
A state gets its money to spend on services primarily through taxation, which includes income taxes, sales taxes, property taxes, and various fees. Additionally, states receive revenue from federal grants and funding, as well as income from investments and state-owned enterprises. Some states may also generate revenue through lottery systems and other gaming activities. Overall, a combination of these sources allows states to finance public services and programs.
Differences between real income and money income?
Money Income :- The income of a person is considered to be money income which is of his own disposal. eg - salary, wages, interest etc. Real Income :- The goods & services which a person buy from the money income is real income.
Who attacked the united States' ships to collect protection money?
hrjr
