0
To pay for everything our society provides to its members, and others in the world.
You know: Military, education, medicine, culture, parks, streets, transport, power, science, food, housing, government...etc, etc,
Where did you think these things come from?
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is a the difference between an income tax and a payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
What is post tax income?
Post as used here means "after". In this case, income AFTER taxes are paid.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
What is the difference between income and payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What is the difference between income taxes and payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What taxes are higher corporate or income taxes?
income taxes
What is a the difference between an income tax and a payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
Are income taxes used to pay for ssi benefits?
yes
What is post tax income?
Post as used here means "after". In this case, income AFTER taxes are paid.
When you buy a used car in Illinois does the seller pay any taxes?
He pays income taxes. You pay sales taxes.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Do other countries also institute an individual income tax law as the US does?
Income taxes are used in many other countries across the world. These income taxes can vary in price, be reegressive, and or proportinate to the citizan's income.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
