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insurance,public schools,FICA,th White House,etc.

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13y ago

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What are 5 things the government pays for with tax money?

Insurance, public schools, hospitals, businesses, and vacations for themselves.


Who pays the salary of a us senator?

You! The tax money.


Difference between incidence and impact of taxation?

The impact of a tax refers to the person who pays it to the government in the first instance. The incidence of a tax refers to the money burden of a tax on the person who ultimately pays it. - MP


Why tax is imposed?

Governments need money to help run a country. Without it, many of the things around you would not be there. Tax pays for things like policing, health services, public transport, infrastructure, public services, welfare. Anything the government supplies and pays for comes from taxation. While no one likes paying tax, without it countries would fall apart.


What are the reasons that one pays an excise tax?

There are a few different reasons that one pays an excise tax. One of the reasons is that the government needs more money for their various projects.


What is the amount of money a customer pays for an item?

It depends, you should read on the price tag, + tax.


Who pays sale tax?

The person who is buying the product pays the sales tax.


Who pays the property tax if the property is used as commercial?

The state pays the property tax.


Who pays for property tax?

Usually the owner of the property is the one that pays the property taxes on the owners property. Some time the mortgage company will pay them from a escrow account but the money that is in the escrow account comes from the property owners monthly payments.


Is a tax where everyone pays the same percentage a regressive or progressive tax?

Neither, a tax in which everyone pays the same percentage is called a flat tax.


Who pays the most taxes in a progressive tax structure?

A progressive tax structure places the highest tax burden on those people who can best afford it; i.e., those who make the most money.


What are some similarities between tax and discount?

There are no similar things between the two except that they both involve money.