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What percentage of federal government revenue was collected from corporate income taxes in 2001?
32%
What the function of bureau of internal revenue?
To collect the money, in taxes, that is needed to run the government and provide services.
What does the department of revenue do?
Collect taxes and police fines
What is the role of BIR in the Philippines?
BIR's primary role is to collect taxes and remit it to the Philippine government. BIR stands for Bureau of Internal Revenue
Do you get the FICA back on your federal taxes?
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
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.
Does the federal government collect taxes?
Yes
Where does the federal government gets most of its revenue from?
Taxes
What are the federal government's main sources of revenue?
Taxes
What is meant by a revenue law?
revenue law is a law pertaining to the collection of taxes to cover government expenses. They collect these taxes and place them into the treasury.
How does the federal government collect taxes from people?
By taxing their income.
What type of taxes does the federal government collect?
income tax..
The largest source of federal revenue from taxes come from?
Individual income taxes account for the federal government's largest source of tax revenue. The other two main sources are payroll taxes and corporate income taxes.
When could states collect taxes but the federal government could not?
The federal government had no ability to tax when it was operating under the Articles of Confederation. The US Constitution provided the federal government authority to collect taxes; the Sixteenth Amendment, ratified in 1913, added the ability to levy taxes on income.
What are 5 sources of tax revenue?
taxes,fees,bonds,state government,federal government
Which federal government institution levies taxes?
Internal Revenue Services or IRS
