It goes to the police, construction workers, specific facilities or services, levied upon incomes, property, sales, etc.
When putting the steps of what happens to a taxpayerâ??s money, money is first withheld from the individualâ??s paycheck. The taxpayer then files their tax return and their tax refund, if one is owed, is given.
We keep more of the money we earned. When does this happen?
Income Tax is a tax based on the amount of money earned.
firm and households have less money to spend . this leads to a fall in demand for goods and services. Clover
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
When putting the steps of what happens to a taxpayerâ??s money, money is first withheld from the individualâ??s paycheck. The taxpayer then files their tax return and their tax refund, if one is owed, is given.
We keep more of the money we earned. When does this happen?
Your employer sends it to the federal government to help your income tax bill
The government collects the tax money.
Income Tax is a tax based on the amount of money earned.
taxes decrease
firm and households have less money to spend . this leads to a fall in demand for goods and services. Clover
investment increases
TAX research? funded by tax money and distributed as GRANT money. to validate tax levels. what else
If the IRS owes you money, you can expect to receive a refund. This typically occurs when you have overpaid your taxes or are eligible for certain tax credits or deductions. You can claim your refund by filing a tax return and providing the necessary documentation to support your claim.
No.
What every other state does, tax tax tax!