0
What else can I help you with?
What level of government uses income taxs?
Federal, state, and local all get some of the taxes for everything.
The federal government uses FICA taxes to pay for what?
All of the above ^_^
What is mean by income tax?
It is what the federal or state government charges you on your income. (the money you earn) It is a percentage of your income. It mean the tax youse has to pay on youse income.
What can you tell me about income tax?
Income Taxes are taxes that a government imposes on all people and businesses that live within its jurisdictions. These monies are key funds that the government uses to fund its programs and serve the people.
What is the income tax rate in Florida?
Florida does not have a broad based individual income tax. It uses other taxes to generate the funds for government.
How is personal income tax used?
The federal government uses the income tax for general federal purposes. It is not designated for any specific purpose. Revenues from the tax can be used for anything from soldiers' salaries to interest on the national debt and millions of other expenditures. State and local income taxes are used according to state and local law.
Where does the money come from that your government uses to find highway projects and other federal programs?
from taxes from innocent peoples
What is a 1040 tax form, exactly?
The 1040 tax form is a form the government uses to calculate how much taxes a person needs to pay or taxes the government owes back to someone. It uses equations from your income, charitable donations, and assets.http://en.wikipedia.org/wiki/IRS_tax_forms
Why does Florida does not pay state tax?
All levels of government have their own type of funding to pay their expenses. The federal government uses mostly income and excise taxes. City and county governments mostly use property taxes. Some cities use a sales taxes in addition to property taxes. States vary. Some states, like Oregon, use primarily income taxes and don't have a sales tax. Other states, like Florida, use mainly sales taxes and don't have an income tax. Most states, use a combination and have both income and sales taxes. Some states only tax businesses and not individuals, like Alaska who gets tax income from corporations and businesses only and doesn't have a sales tax. Many states also have other types of taxes in addition to their main source of taxes (use, luxury, lodging, etc). This is how these various levels of government get their income to operate and run programs, provide services, and pay employees.
Why does the Federal Government use tax withholding?
It uses withholding because it needs a steady stream of income to pay for its expenditures and also because most people would not save enough money to be able to pay their taxes all in one lump sum after the end of the year.
The federal income tax uses which form of taxation?
The federal tax is considered a voluntary tax.
How is capitals gain tax used?
The federal government uses the capital gains tax for general federal purposes. It is not designated for any specific purpose. Revenues from the tax can be used for anything from soldiers' salaries to interest on the national debt and millions of other expenditures. State and local income taxes are used according to state and local law.
