0
What advantage did revenue sharing have over federal grants-in-aid programs?
Wiki User
∙ 15y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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.
What are the composition of the federal board of inland revenue?
The Federal Board of Inland Revenue is composed of the Chief Executive Officer whose responsibility is saddled at the Federal level, followed by the two deputies at the same Federal level, coupled with the chairmen that are representative of each state of the Federation.edyben2006@yahoo.com
What is public revenue?
direct taxes and indirect taxes(includes customs) -- both at state level and federal level.
Definition of incremental revenue?
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
The government's annual plan for revenue and expenditures is know as the?
The Federal Budget is: The budget for the federal government. The federal budget of a country is determined yearly, and forecasts the amount of money that will be spent on a variety of expenses in the upcoming year.The Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability.The government's annual plan for revenue and expenditures is known as the Monetary Policy.
What advantage did revenue sharing have over federal grants in aid programs?
The main advantage that the revenue sharing system had over federal grants in the aid programs was that there were fewer requirements. Both options were intended to provide federal moneys to the individual states.
What is federal revenue?
AnswerTaxes, taxes and more taxes
Which websites carry details on federal refunds?
The best place to find information about federal refunds available to individuals is at the internal revenue website: www.irs.com. They will have complete information on tax credits and programs available for the individual.
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.
What produces the largest amount of federal revenue in the US?
The tax on individuals' incomes regularly produces the largest amount of federal revenue.
What is the Canada Revenue Agency responsible for?
The Canada Revenue Agency is a federal agency that administers tax laws for the Government of Canada and for most provinces and territories, international trade legislation, and various social and economic benefit and incentive programs delivered through the tax system.
Who is the executive officer of Federal Inland Revenue Service in Nigeria?
Mrs. Ifueko Omoigui Okauru is the CEO of Federal Inland Revenue Service, Nigeria.
Is tobacco a source of revenue?
In the US, tobacco products (particularly cigarettes) are taxed at both the state and federal level. These taxes are not a significant part of the federal revenue, but some states depend on the revenue from cigarette 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 income tax equal 50 percent of your federal tax revenue?
true
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
Where does the federal government gets most of its revenue from?
Taxes
