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What else can I help you with?
Purpose of the income tax act?
To raise Income Tax.
Did the income tax raise during world war 2?
yes
Can a president raise or lower taxes?
No. The President has no power over taxes. He can ask Congress to raise the income tax, but they tend to do what they want to do. President Obama did ask Congress to increase the income tax on high incomes.
What did the populist party suggest would raise crop prices?
a graduated income tax
What did populists party suggest would raise crop prices?
a graduated income tax
who do i contact to raise my income tax deduction on my payment?
To raise your income tax deduction on your payment, you should contact your employer's payroll or human resources department. They can provide information on adjusting your withholding allowances on your W-4 form. Additionally, if you have questions about your overall tax situation, consulting a tax professional or accountant may also be beneficial.
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
What is Barack Obama's opinion about taxes?
He says he wants to raise the income tax rate for very high income people. However, he did not veto the extension of the so-called Bush tax cuts when he had his chance.
Why do the Scandinavian countries have high taxes?
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance. In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent. Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
Why did the Union Government introduced an income tax and begin selling government bonds?
To raise money for the war effort.:)
Why did the Union government introduce an income tax and begin selling government bonds?
To raise money for the war effort.:)
Why did the union government introduce the income tax and begin selling government bonds?
To raise money for the war effort.:)
