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What else can I help you with?
Does the IRS collect state taxes?
No, the IRS does not collect state taxes. State taxes are collected by individual state governments, while the IRS (Internal Revenue Service) collects federal taxes on behalf of the federal government.
Does the federal government or state government collect social security?
The Social Security Tax is set by the federal government.
Does the federal government collect taxes?
Yes
What are the sources of tax?
Any government body can levy taxes. The federal government, as well as state and local governments have the power to levy and collect taxes to support government programs.
What type of taxes does the federal government collect?
income tax..
How does the federal government collect taxes from people?
By taxing their income.
When could states collect taxes but the federal government could not?
The federal government had no ability to tax when it was operating under the Articles of Confederation. The US Constitution provided the federal government authority to collect taxes; the Sixteenth Amendment, ratified in 1913, added the ability to levy taxes on income.
Why does the state government receive all of their money from the federal government?
The state governments do not receive all their money from the Federal government. The majority of their funds come from state income taxes, property taxes and sales taxes.
Is an example of a concurrent power?
They are powers shared by both the state and federal government. Both the federal government and the states may charter banks, collect taxes, and build roads. Chartering banks and corporations
What is a concurrent power a example of?
They are powers shared by both the state and federal government. Both the federal government and the states may charter banks, collect taxes, and build roads. Chartering banks and corporations
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.
How much money does the federal government collect in taxes?
Obviously not enough to balance the budget.
