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What happens when a government redistributes income among citizens?
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Inflation redistributes income and wealth in favor of?
Poor
Where does the government get its income to provide public services to its citizens?
The government gets its income to provide public services to its citizens from taxes.
How does business influence the government?
Business influences the government by providing its primary source of income. This is done by employing citizens who ultimately pay taxes on their income.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What happens to net personal income when the government lowers taxes?
your net income increases, but your income tax decreases
What happens to net personal income when government lowers taxes?
your net income increases, but your income tax decreases
Do US citizens have to pay tax on employment income?
Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.
Three legal responsibilities you have as us citizens?
US citizens have the responsibility to serve on a jury, they are required to pay taxes on all income that they earn no matter what source the income is from, and the US government requires citizens to carry a US passport when traveling out of the country.
How many senior citizens pay income tax?
The number of senior citizens paying income tax can vary depending on their income levels and sources. Generally, senior citizens with income above a certain threshold are required to pay income tax on their earnings from pensions, investments, and other sources. It's best to consult tax data from the relevant government agency for specific statistics.
Which of the following is not a critical function of the government in facilitating the operation of a market economy?
ensuring an equal distribution of income to all citizens
How a government might use taxation to affect the distribution of income?
A government redistributes income by taking from one group of people and giving to another group. The most obvious is collecting taxes on business payrolls and giving benefits to the unemployed.
Why did most male citizens have time to paricipate in the government?
Nearly half the male citizens were on the public payroll, in councils, juries, the army and navy. With this income, they and the farmers, fishermen and traders, tradesmen were able to attend the fortnightly assembly to direct government actions.
