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What is the income received by the government from taxes called?
The income recieved by a government from taxes abd other nontax sources is called Revenue.
What is it when a portion of a person's personal income is paid to the government?
If your employer pays part of your personal income directly to the government, that is called withholding taxes.
What is it called when government spendings does not exceed its income?
Balanced budget
What is it called when government spending does not exceed it income?
Balanced budget
Do US citizens have to pay tax on employment income?
Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.
Does the government pay for certain apartments based on one's income?
There is a program called Section 8. If you are on the program you only have to pay a small portion of your income towards rent, and the government pays the rest.
The government creates income from what?
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
The government income creates what?
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
An economic policy that advocated a reduction in government spending and cuts in personal income taxes was called?
Reaganomics
What was the economic policy that advocated a reduction in government spending and cuts in personal income taxes called?
reagonomics
