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It's a federal government tax
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What type of tax must a business pay on its profits to the federal government and some state and local governments?
corporate tax
Can the state of MN take your federal tax returns?
Yes, governments generally have the ability to co-operate.
What kind of form is used to make quarterly federal income tax?
use Form 941-V to make federal tax deposits
What does the term Tax Shelter mean?
Tax Shelter is any method you use to reduce your taxable income resulting in a reduction of tax collecting from state and federal governments. The methods vary depending on the tax laws.
Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
How can the federal and state governments both have the power to tax?
The Federal and state governments both have the power to tax because they each have separate expenses in a budget. State governments tax to help pay for state programs. Federal governments tax to help pay for Federal programs.
What groups can the federal government not place taxes on?
The federal government does not tax state and local governments and tax-exempt organizations such as churches and charities.
What kind of governments divides the power between the states and national governments?
federal
The federal personal income tax is an example of which kind of tax?
The federal personal income tax is an example of progressive tax.
The power of both local and federal governments to tax is an example of what?
Concurrent powers
What type of tax must a business pay on its to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay on its profits to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay on it's profit to the federal government and some state and local governments?
corporate tax
What type of tax must a business pay on it's profits to the federal government and some state and local governments?
corporate tax
Who decided how much tax you should pay and on what?
The elected legislatures of the Federal, State and local governments.
What is the federal governments biggest single source of tax revenue?
The individual income tax is the government's biggest single source of tax revenue.
What kind of government is shared between the federal and state governments?
federalism
