I'm not sure I understand this question correctly??? But....
Currently in the US the income tax policy is that of a Progressive Tax. It is called this because of the many brackets and progressivity of this system. This system dishes out special preferences/treatment to certain income individuals. On top of the brackets (which really are the most complicated part of this system) there are credits and deductions. A tax payer can apply for a certain credit while filing their tax form and if they qualify they get a certain deduction on their taxes. This source of taxation amounts for about 45% of the governments revenue.
Payroll taxes are the taxes you pay on insurance, student loans, Social Security, railroad retirement, etc etc. This source of taxation amounts to 36% of government revenue.
There are many advocates for a Flat Tax, which is taxing Americans the same way as a progressive tax in a simpler easier way on a single flat rate. Example: Taxing every American at a flat rate of 17%. Many many countries have adopted this method of taxation especially in recent years. A Flat Tax would boost the economy but could put a tax burden on poorer, lower income people who do not currently pay taxes. I'll let you take that as a disadvantage or advantage as you may. This is currently just an idea, not an actually existing tax system in the US.
There are also just as many advocates for the Fair Tax which is a tax on consumption products. There is currently a small tax of this sort, in place, but it is not our main source of revenue. This brings in about 12% of revenue. (there is another 7% of revenue in Excise and other taxes)
Hope I helped and made sense. =) God bless.
Keep this country in your prayers, we are going downhill fast!!!
government policies deal with taxes and spending are known
k
The use of taxing and spending powers to shape the economy is commonly called fiscal policy. This type of policy influences macroeconomic conditions.
Fiscal policy is about taxing and spending.
state and local governments deciding to make spending cuts during a recession
state and local governments deciding to make spending cuts during a recession
Terrorists usually intend frightening governments into changing their policies.
The policies of new Southern state governments that angered Congress were the black codes.
Germany has had many governments and numerous diverse policies throughout its history.
The government pays its expenses from the revenue it obtains through taxing the people it governs.
Governments
Governments
k
Granting citizenship
NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO
k
the relationship is all about them being able to keep making policies
the relationship is all about them being able to keep making policies