0
income tax
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
what two types of taxes provide the largest amount of revenue to the states?
The total revenue for the United States is 5.7 trillion dollars. The two largest components of this total are Income Tax and Social Insurance taxes, which provide 2.2 trillion and 1.5 trillion dollars, respectively.
When are 2009 taxes due?
Federal Form 1040 is due April 15, 2010.Other types of taxes such as corporate taxes, estimated taxes, local taxes, property taxes, employments taxes, excise taxes all have their own due dates.
Types of taxes?
Proportional taxes, progressive taxes and regressive taxes
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Which of the following types of taxes paid are not allowable deductions on your tax return?
Any other taxes not included in the below list would NOT be allowable deductions on your individual 1040 income tax return.There are five types of deductible nonbusiness taxes:State, local and foreign income taxesReal estate taxesPersonal property taxesState and local sales taxes, andQualified motor vehicle taxesTo be deductible, the tax must be imposed on you and must have been paid during your tax year.For more information on nonbusiness deductions for taxes, use the search box at the IRS gov website for Publication 17 go to Chapter 22. Taxes
Which two types of taxes provide the largest amount of revenue to states?
For most states, one of the two types of taxes that provide the largest amount of revenue to the state is property taxes. Sales tax is the other tax that provides a large part of the revenue. Income taxes provide some state revenue.
Americans pay many different types of taxes to federal state and local governments?
Value added taxes
What types of taxes does the US government collect?
Answer #1: Federal, State, Local and Foreign taxes. Answer #2: I don't think that's what he's asking. Types of taxes such as income or severance or sales taxes is what I think he is asking about.
what two types of taxes provide the largest amount of revenue to the states?
The total revenue for the United States is 5.7 trillion dollars. The two largest components of this total are Income Tax and Social Insurance taxes, which provide 2.2 trillion and 1.5 trillion dollars, respectively.
List and describe four sources of state government revenue?
US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.
When are 2009 taxes due?
Federal Form 1040 is due April 15, 2010.Other types of taxes such as corporate taxes, estimated taxes, local taxes, property taxes, employments taxes, excise taxes all have their own due dates.
What is providing service?
The government provides public services off of all taxes from different types of career areas
What would cause corporate business tax revenue to be different from sales tax revenue?
These are completely different types of taxes based on different things to compute the taxes. In Corporate business tax revenue you are dealing with income taxes and even that would be different based on what type of corporation it is, such as and LLC, Subchapter-S Corporation, C Corporation, Partnerships, etc. Sales taxes are collected from the buyer and then sent to the State who then sends part to the State itself and part to the city or county where the transaction occurred.
What are examples for providing public services?
The government provides public services off of all taxes from different types of career areas
Can taxes differ from state to state?
Yes they can and do differ from state to state as each state and local areas have each have different types and amounts of taxes that they add to different items.
What is public revenue in India?
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
Types of taxes?
Proportional taxes, progressive taxes and regressive taxes
