The IRS collects taxes for the Federal Government. The basis for this is 16th ammendment of the constitution which allows the Federal government to levy income taxes. This is implemented via the tax code with is subjected to frequent revision by congress.
accounting information allows a business entity to be able to ascertain its total income and its total expenditure and to be able to know if it is making a profit or loss as the prior motive of any organization or business entity is to maximize profit
The state is a government entity and all of them have to be allowed to tax in some method to collect income in order to be able to function otherwise it could not exist.
The Sixteenth Amendment. "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
Why dose the government collect income taxes
Government was specifically given the power to lay and collect income taxes by the 16th Amendment to the Constitution. This was necessary because President Abraham Lincoln had levied an income tax during the Civil War but it was later ruled unconstitutional. This amendment clarified the status and legality of the income tax as a method of taxation.
Yes the state that I live in does have a personal state income tax and does collect the states personal income taxes from the taxpayers.
A list of low income houses in Burlington, NC can be found on the following website : www.ushud.com. This website allows you to pick the location you are specifically looking for.
Income-taxing authorities are any entity to which the law imputes the right and power to collect income tax. These are the federal government, State governments, and local or municipal governments, where the grants of this power are made by the State to the local or municipal governments, and not simply exercised by local and municipal governments on behalf of the State.
The 16th Amendment to the U.S Constitution allows the government to collect the Income Tax.Prior to this amendment, the federal government made an attempt to to create an Income Tax, and the tax was brought to court.The United States Supreme Court ruled that an "Income Tax" was unconstitutional.In response, the Income Tax Amendment was added to the U.S Constitution, making the tax legal.
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on Census results. This amendment overruled Pollock v. Farmers' Loan & Trust Co. (1895), which limited the Congress's authority to levy an income tax.http://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution
The 16th Amendment to the U. S. Constitution allows for an income tax. Abraham Lincoln had used an income tax to finance the Civil War but it was latter found to be unconstitutional thus necessitating the 16th Amendment.
The amendment that gave Congress authority to enact an income tax was ratified on February 3, 1913. This amendment, known as the 16th Amendment, allows Congress to levy and collect taxes on income without apportionment among the states.