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Why can't the Minister of finance simply increase taxes to raise the government's income?
Wiki User
∙ 14y ago
- people don't like to pay more tax
- when people pay more tax they have less money to spend, which might eventually hurt more than the extra tax helped.
Wiki User
∙ 14y ago
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When did people in Canada start paying income tax?
In 1917, the cost of participating in World War I had become too great, and the government was forced to temporarily adopt an income tax system in order to finance the war effort. What was going to be a temporary measure is now the largest form of income available to the Canadian government. Sir Thomas White, Minister of Finance, was the man who proposed the "war" income tax.
Where can I purchase municipal bonds from?
Municipal bonds are not actually meant to be bought unless you have a high income tax. They are issued by some agencies and local governments to finance their capital expenditures.
What is the main source of income in the South?
Taxation is the governments main source of income.
With this tax as income increase the amount of income tax also increase?
progressive
What tax as income increase the amount of income tax also increase?
progressive
What can an increase in income be expected to cause?
This will depend on whether this increase is temporary or permanent (winning the lottery or increased salary). A temporary increase in income will mainly lead to a temporary increase in savings, whereas a permanent increase in income will increase current consumption. This is referred to as the permanent income hypothesis.
What are income tax authorities?
Income-taxing authorities are any entity to which the law imputes the right and power to collect income tax. These are the federal government, State governments, and local or municipal governments, where the grants of this power are made by the State to the local or municipal governments, and not simply exercised by local and municipal governments on behalf of the State.
What are the importance of business finance?
What is objective of business finance? Why finance is important for a business? purchase of asset income daily expenses taxation
How has dependence on oil caused problems in the Middle East?
these governments have to decided what is best for their countries. should they produce more oil to sell now, hoping to increase their total income?
Now I am in finance problem how to come out?
If no income then how to come out.
How did the us government finance the war?
income tax
In India National Income is computed by?
ministry of Finance
