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Income tax... duh... i had to look it up on another site, but duh... how can you not know this? and the even more important question... why are you asking me? i didn't know, that's why i tried askin you, but you din't knw either, so i had to go through the trouble of going to a different website to try to find this out. luckily, this was a simple topic. the next topic i need to know, which you probably don't know either, is what services does the local government provide?!?!?!?!!? maybe i should just go take a look in my textbook...
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∙ 14y ago
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How much money did the Federal government collect for its income tax during the US Civil War?
During the US Civil War, the Federal government made many efforts to raise funds to pay for the war. For the first time in US history the government passed a progressive income tax. During the war years they collected $55 million.
What do governments do to stabilize the economy?
Progressive taxes. When economy is in a boom, income of people increase, tax collected increases, alleviates the huge rise in consumption. Tax revenue of government also increases. When economy is facing recession, unemployment results and amount of taxes government collect will reduce due to the lowered income. Government can then use the tax revenue collected previously to induce spending through the use of Govenment expenditure or welfare benefits
What would happen as the economy grew?
Americans would earn money,and the government would actually collect more taxes at a lower rate than it would if it kept tax rates high
Will government tax per unit of output reduces supply?
Yes; a government tax per unit of output reduces supply.
Does the US federal government have the power to tax imports?
The US government may tax imported goods through a tax system called tariffs. US states have no authority over tariffs..
What is the 3 levels of government that have the power to tax?
Federal, provincial, and I think local.
What type of taxes does the federal government collect?
income tax..
How much money does the US government collect in sales tax?
55
What is provincial tax in Vancouver?
pst (provincial sales tax)--7% gst (goods & services tax [canada wide])--5%
Which amendment gives government power to collect income tax?
amendment 16
What was tax farming?
When the Government sold the right to collect taxes to private individuals.
How much money does the US government collect in income tax?
2.16 trillion
Why did the US government lose tax in prohibition?
Because the government couldn't collect taxes on illegally produced alcoholic beverages.
How were the foreign lands of Rome organized?
They retained their own local government, with a Roman provincial governor to collect taxes, ensure order and provide defence.
How much money do the UK government get paid?
With tax collectors that came to the Americas to collect the taxes.
What percent of Canada's income comes from ice hockey?
I'm not sure what you mean here. If you're talking about government revenues collected from players, arenas, etc,in the form of taxes, it's impossible to say. Obviously, both the Federal government and applicable Provincial governments collect income tax and sales taxes on what players buy. I also understand municipal governments collect property taxes on arenas in their cities.
Does the federal government or state government collect social security?
The federal government is responsible for collecting and administering Social Security. State governments do not collect Social Security taxes or administer the program.
