On current income unless the obligor can document his past income.
No, you cannot. Income tax is collectable even when you disagree with government policies.
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
So that the government has some income to pay for all of the expenses of the government operations.
The Federal government is the level of government we pay income taxes to.
Individual income taxes is the federal government's largest source of funds.
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
what is the probable result called when the government attempts to cover large deficits by creating more money
Provision for income tax refers to the line item in the profit and loss statement. Income tax is a broad term and could mean current taxes (taxes actually payable to Government), Tax expenses/provision for tax- taxes reported in the P&L or deferred taxes (difference between current taxes and tax expense).
Mostly Income Taxes.
Individual income taxes is the federal government's largest source of funds.