0
What else can I help you with?
What is definition of tax GDP ratio?
Tax to GDP Ratio =Total government tax collections divided by the country's GDP
What does it mean when government spending exceeds tax collections?
If more money is spent than earned or taken in then the person or government is broke and have no money. No taxes=no money for services.
How does the government use sales tax?
The government use taxes to pay their bills.
What happens in indirect tax collections?
They burn it
What do we use tax for?
Taxes are used when ever the government spends money. Anything that was government-funded used tax money.
How are Managers evaluated primarily on the business'?
tax collections
How a government might use taxation to affect the distribution of income?
A government redistributes income by taking from one group of people and giving to another group. The most obvious is collecting taxes on business payrolls and giving benefits to the unemployed.
What is a government tax foreclosure property?
It is property "seized" by the government for non-payment of taxes or in satisfaction of a tax lien. It can either be converted to government use or sold at auction to raise revenue.
How does the government pay for provided services?
The government finances provided services primarily through tax revenues collected from individuals and businesses, including income, sales, and property taxes. Additionally, it may use borrowing, grants, and fees for certain services. Economic growth can also enhance revenue through increased tax collections. Budget allocations determine how these funds are distributed across various public services.
What kind of tax is the federal government's tax?
It's a federal government tax
What do you call a person who enforced laws and managed tax collections?
Ephor(s)
Do government tax agencies use accounting information to compute taxes?
Yes
