answersLogoWhite

0

Income tax... duh... i had to look it up on another site, but duh... how can you not know this? and the even more important question... why are you asking me? i didn't know, that's why i tried askin you, but you din't knw either, so i had to go through the trouble of going to a different website to try to find this out. luckily, this was a simple topic. the next topic i need to know, which you probably don't know either, is what services does the local government provide?!?!?!?!!? maybe i should just go take a look in my textbook...

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

How much money did the Federal government collect for its income tax during the US Civil War?

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.


What do governments do to stabilize the economy?

Progressive taxes. When economy is in a boom, income of people increase, tax collected increases, alleviates the huge rise in consumption. Tax revenue of government also increases. When economy is facing recession, unemployment results and amount of taxes government collect will reduce due to the lowered income. Government can then use the tax revenue collected previously to induce spending through the use of Govenment expenditure or welfare benefits


What is the branch of government that asks for provincial dollars to operate its program?

The branch of government that asks for provincial dollars to operate its programs is typically the executive branch, which includes government ministries and agencies. These entities prepare budgets and funding requests to be submitted for approval during the provincial budget process. The legislative branch then reviews and approves the budget, allocating the necessary funds for various programs and services.


What would happen as the economy grew?

Americans would earn money,and the government would actually collect more taxes at a lower rate than it would if it kept tax rates high


Will government tax per unit of output reduces supply?

Yes; a government tax per unit of output reduces supply.

Related Questions

What is the 3 levels of government that have the power to tax?

Federal, provincial, and I think local.


What type of taxes does the federal government collect?

income tax..


What authority allows the federal government to collect income tax?

The federal government's authority to collect income tax comes from the 16th Amendment to the United States Constitution, which was ratified in 1913.


How much money does the US government collect in sales tax?

55


What is provincial tax in Vancouver?

pst (provincial sales tax)--7% gst (goods & services tax [canada wide])--5%


When to capitalize provincial government?

"Provincial government" should be capitalized when referring to a specific provincial government by its official title, such as "Ontario Provincial Government." Otherwise, it should be in lowercase when used generically, such as "the role of provincial governments."


How much money does the US government collect in income tax?

2.16 trillion


What was tax farming?

When the Government sold the right to collect taxes to private individuals.


Which amendment gives government power to collect income tax?

amendment 16


Why did the US government lose tax in prohibition?

Because the government couldn't collect taxes on illegally produced alcoholic beverages.


Why is Steam charging me tax?

Steam charges tax on purchases because they are required by law to collect sales tax in certain regions. This tax is then remitted to the appropriate government authorities.


How were the foreign lands of Rome organized?

They retained their own local government, with a Roman provincial governor to collect taxes, ensure order and provide defence.