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Governments raise revenue to provide social services primarily through taxation, borrowing, and fees. Taxation includes income taxes, sales taxes, and property taxes, which generate funds from individuals and businesses. Borrowing involves issuing government bonds to finance expenditures, often repaid through future tax revenues. Additionally, governments may charge fees for services, such as permits or licenses, which also contribute to funding social programs.
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A government that is elected by the people raises taxes is it legitimate or illegitimate?
Yes. If the government elected by the people needs more revenue to provide the services the people want and need, then it can raise taxes to get that revenue. That is one of the primary functions of government. For example, in the United States, the Constitution gives the Congress the power to raise taxes in Article 1, Section 8.
Which tax raises the most revenue for the federal government?
personal income tax
What is the chief way the federal government raises revenue?
Individual income taxes. @DJSCREAM21
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services?
true A+
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services.?
true A+
Passing laws and raising revenue are the duties of which of the following?
The Legislative Branch passes laws and raises revenue.
How do cities get their revenue?
Cities get revenue from taxes, primarily property taxes. A tobacco tax would be an example of a non-property tax that raises revenue.
What happens if a video store raises the price of a rental?
it will lose revenue
What will happen if a video stores raises the price of a rental?
it will lose revenue
What will happen if a video store raises the price of a rental?
it will lose revenue
How is a revenue bill different from others?
A revenue bill is basically income tax. It raises money whereas the others don't. Simple as that!
How does a corporation raise money for its operations and expansion?
A corporation raises money for its operations and expansion through various methods such as issuing stocks, bonds, taking out loans from banks, or generating revenue from its products or services.
