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Income taxes and inport tarffs
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What is a major source of fund for local governments in Georgia?
Ad Valorem taxes
Does unemployment benefits come from a state fund or directly from an employer?
They come from the state. Your employer pays unemployment taxes to the state and the federal governments.
Which branch of government collects taxes?
executive most likely
Who funds jails and prisons?
Jails and prisons are funded mostly by local, state, and federal taxes. If you work and pay taxes then you fund jails and prisons.
In the US, who issues papers to fund the money market?
In the United States, federal, state and local governments all issue paper to meet funding needs States and local governments issue municipal paper. US Treasury issues Treasury bills to fund the US public debt.
What is the most important source of local tax revenue?
One of the most important sources of local tax revenue is property taxes. Every home owner in a municipality has to pay property taxes every year. These taxes help fund things like police salaries and schools.
What is minimum number of special revenue funds you would expect a local government to have?
The local governments usually have multiple Special Revenue Fund.
What is tax mean?
Taxes are monies collected by merchants, governments, and states to fund needed things such as roads, schools and more. Taxes are usually collected from sales of goods, income, and property.
What does property tax pay for?
Property taxes are normally used to fund the services in the area, such as police, fire department, roads (and plowing them!) and local library. Some portion of the taxes are used to fund the school system. If you are getting it for free, it is normally being paid for through property taxes.
What types of taxes collected by government on the state and federal levels?
The government on both the state and federal levels collects various types of taxes. Some common types of taxes include income taxes, which are collected based on an individual's or business's earnings; sales taxes, which are collected on the purchase of goods and services; property taxes, which are collected based on the value of real estate; and payroll taxes, which are collected from employers and employees to fund social security and Medicare programs. Additionally, governments may also collect excise taxes on specific goods such as alcohol, tobacco, and gasoline.
Explain taxes as a sources of fund?
All of the money taxes that is collected from the taxpayers would be a source for the fund. And the source of the fund would be the taxpayers that are paying the money tax to the fund.
Why were taxes created in America?
Taxes were created to fund the military and create jobs within the government. Revenue from state sales taxes pay for jobs within the state, property taxes pay for public education, and federal taxes pay for the military and those employed by the federal government.
