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Taxation

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What is the main source of income for the US?

Taxation


What is the main source of income in US?

Fast food places and tax!


What is the main source of income of US?

Fast food places and tax!


Why is income tax important for the government?

income tax is one of the most important source of government revenue. in us around 31% and UK around 29% of government revenue comes from income tax . this is the biggest source of governments revenue. this is only one of many imporatnce.


What was the main source of government revenue in the first 125 years of the US?

Wood


What was the largest source of revenue for the US Government during the civil war?

From the 1790s to World War I the largest source of revenue was tariffs. Then it became income taxes.


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.


What is the source of power for the US government?

The most important source of political power for the US government is the people.


What is the major source of income for the US?

crude oil


What are the main sources of income in the US?

The main sources of income in the U.S. include wages and salaries from employment, which constitute a significant portion of personal income. Other important sources are investment income, such as dividends and interest, rental income from properties, and government benefits like Social Security and unemployment insurance. Additionally, business income from self-employment and partnerships contributes to overall income levels.


What is the largest source of income for us households?

Wages and salaries


How did the us government finance the war?

income tax