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Inheritance taxes, as with other taxes such as income and sales tax, is a way for the government to get revenues that can be used for various expenses that are incurred by the government for the benefit of its citizens.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoto prevent rich families from getting control of too much money
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Are county governments allowed to tax?
Yes, county governments allowed to tax.
The governments benefit from a tax can be measured by?
tax revenue
How can the federal and state governments both have the power to tax?
The Federal and state governments both have the power to tax because they each have separate expenses in a budget. State governments tax to help pay for state programs. Federal governments tax to help pay for Federal programs.
What is the largest source of tax money for local governments?
income tax :]
How do state governments tax consumers and vendors?
A primary way state governments tax consumers is with a sales tax. Vendors don't pay this tax on the goods they sell but they collect it from customers. They also use income tax and property tax but these are not consumption taxes
What is the property tax that raises the most revenue for local governments?
personal income tax
Are the county governments in the US allowed to tax?
true
Which governments have the power to tax people?
The feredal government
Who is responsible for collecting the property tax?
County Governments
What type of tax levied by the govt on goods and services?
Sales tax Valued added tax (VAT) Purchase tax Stamp duty Import duty Luxury tax All the above are used by various governments round the world and I am sure some governments have invented others.
Who does the IRS allow to put liens on tax refunds?
Governments
Where do local governments get their least amount funding from?
Income Tax
