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What are the six types of revenue-raising taxes imposed by the federal government?
Wiki User
∙ 13y ago
1. Income Tax
2. Individual Tax
3. Corporation Income Tax
4. Social Insurance Tax
5. Excise Tax
6. Estate and Gift Tax
Wiki User
∙ 13y ago
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Difference between federal taxes and state taxes?
The United States has several levels of government. The main national government that has jurisdiction over the entire country is known as the federal government. Most of the United States is divided into smaller political subdivisions called "states." Examples of states are Florida, California, and Hawaii. These states have their own governments that have jurisdiction over local matters within their boundaries. (The United States also has several territories not located within states that do not have all of the rights of states, but do have their own governments. Examples are the District of Columbia where the federal capital is located, Puerto Rico, and Guam.) A tax imposed by action of the federal government is called a federal tax. A tax imposed by action of a state government is called a state tax.
Where does the federal government gets most of its revenue from?
Taxes
What are the federal government's main sources of revenue?
Taxes
A measure imposed by a government to favor domestic products over foreign products not involving taxes is what?
No
What is efforts of the federal government to keep the economy stable by increasing or decreasing taxes and or government spending?
increase taxes and and spend systematically
What are compulsory charges imposed on citizens by local state and federal government?
Taxes
What tax is imposed by the federal government on assets left by an individual at the time of death?
For the estate assets you would have estate taxes.
Will you define state tax?
Taxes imposed...hence payable to a US State government or agency, (as opposed to one to the US Federal, or any other jurisdiction, like a City) government.
How are federal taxes imposed?
bill to be passed by congress and signed into law by the president
Difference between federal taxes and state taxes?
The United States has several levels of government. The main national government that has jurisdiction over the entire country is known as the federal government. Most of the United States is divided into smaller political subdivisions called "states." Examples of states are Florida, California, and Hawaii. These states have their own governments that have jurisdiction over local matters within their boundaries. (The United States also has several territories not located within states that do not have all of the rights of states, but do have their own governments. Examples are the District of Columbia where the federal capital is located, Puerto Rico, and Guam.) A tax imposed by action of the federal government is called a federal tax. A tax imposed by action of a state government is called a state tax.
What is the federal government's source of income?
Individual income taxes is the federal government's largest source of funds.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
What are federal estate taxes?
Federal state taxes are taxes to be paid to the federal government on owned property. Theses taxes are to be paid once a year.
What is federal revenue?
AnswerTaxes, taxes and more taxes
What is the federal government respsnsible for?
taxes
Where does the federal government get its money?
taxes
Federal government what it is?
A federal govenment is in charge of laws and taxes
