Well dah
During the US Civil War, the Federal government made many efforts to raise funds to pay for the war. For the first time in US history the government passed a progressive income tax. During the war years they collected $55 million.
When the government inplement programs such as progressive income tax rates what ocurr.
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
income tax is one of the most important source of government revenue. in us around 31% and UK around 29% of government revenue comes from income tax . this is the biggest source of governments revenue. this is only one of many imporatnce.
income tax..
amendment 16
2.16 trillion
The 16th Amendment to the U.S Constitution allows the government to collect the Income Tax.Prior to this amendment, the federal government made an attempt to to create an Income Tax, and the tax was brought to court.The United States Supreme Court ruled that an "Income Tax" was unconstitutional.In response, the Income Tax Amendment was added to the U.S Constitution, making the tax legal.
Yes the state that I live in does have a personal state income tax and does collect the states personal income taxes from the taxpayers.
Why dose the government collect income taxes
Too few people realize the benefits of using sales tax instead. http://www.fairtax.org/site/PageServer
The state is a government entity and all of them have to be allowed to tax in some method to collect income in order to be able to function otherwise it could not exist.
The federal government, when it was still largely behaving in the manner contemplating by our founders, received its income primarily from tariffs and fees. More information: http://www.taxhistory.org/
Almost all states collect income taxes. Some major cities do as well. In New York state, for example, the cities of New York and Yonkers impose a separate municipal income tax, which is calculated on the same form and submitted to the state for distribution to the cities.
The 16th Amendment to the U. S. Constitution allows for an income tax. Abraham Lincoln had used an income tax to finance the Civil War but it was latter found to be unconstitutional thus necessitating the 16th Amendment.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.