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After you complete your tax return you may find you owed money by the federal government this is called your?
If you are owed money by the federal government, the money that the federal government sends you is called a "tax refund" or sometimes just a "refund."
Where does Sales Tax come from?
The tax is a government invention to raise money, and it comes from the purchasers pocket.
What is income tax spent on?
Federal income taxes fund the federal budget. The federal budget is spent in a variety of ways, from military and defense spending, federal employee salaries, federal buildings, grants to state/local governments for various projects, such as roads and schools, foreign aide as well as everything else the federal government does. Check http://www.gpoaccess.gov/usbudget/ for more info about how/where the federal government spends money.
Which federal tax raises the largest amount of money each year?
Federal Income tax is the largest tax for the government, it raises more money then anything else.
When the amount of taxes received by the government is less than the amount the government spends in a given year?
When the amount of taxes received by the government is less than what it spends in a given year, it results in a budget deficit. This means the government must borrow money to cover the shortfall, often leading to increased national debt. Persistent deficits can raise concerns about fiscal sustainability and may necessitate future tax increases or spending cuts. Additionally, it can impact economic growth and the government's ability to fund public services.
What do we use tax for?
Taxes are used when ever the government spends money. Anything that was government-funded used tax money.
What happens to your tax?
The government spends it.
Source of federal money and jobs?
The source of federal money and jobs is taxes. The IRS collects tax money from the citizens and businesses of the US, and then the federal government spends some of it on creating jobs.
Economic policy?
Economic policy concerns the way the government collects and spends money and regulates the market. Income tax rates are an example of economic policy.
When a government spends more than the tax revenues it receives?
Deficit A+ the government will have a surplus
What is tax hogging?
Tax hogging is where Gordon Brown steels all the tax payers money and spends it on a nice villa in Florida.
Who gets the tax money?
The government collects the tax money.
What did the US government do to raise money for the war effort. describe the two ways?
Most of our tax dollars, and borrowing money from other countries.
Will the government tax a withdrawal of after tax money from 401?
No.
What government receives money from the national government?
Tax
In what ways would the legalization of marijuana benefit the US?
The government would be able to tax it, so they would make more money.
Where does the government get the money from for the public fACILITIES?
the government get money for public facilities fromthe various taxes like incometax,sales tax,housetax,water tax,road tax..........
