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What type of taxes does the federal government collect?
income tax..
How does the federal government collect taxes from people?
By taxing their income.
What gives the US government the power to collect taxes?
The US government has the power to collect taxes through the Constitution, specifically through the authority granted by the 16th Amendment, which allows for the collection of income taxes.
What gave the federal government authority to collect individual income taxes?
16th amendment
What power does the government have to collect taxes?
The government has the power to collect taxes through laws and regulations that require individuals and businesses to pay a portion of their income or profits to fund public services and programs.
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.
What entity does the IRS collect income taxes for and what US law specifically allows this?
The IRS collects taxes for the Federal Government. The basis for this is 16th ammendment of the constitution which allows the Federal government to levy income taxes. This is implemented via the tax code with is subjected to frequent revision by congress.
The government should eliminate state income taxes.?
The government should eliminate state income taxes.
What branch of the government levies income tax?
It depends on what "government" you are asking about. In the United States of America, the Federal government and most states levy and collect income taxes. So do many cities.In the Federal Government, income taxes are levied and collected by the Internal Revenue Service, which is part of the Treasury Department. The Treasury department is part of the Executive Branch, and is reports to the President.
What is the federal government's source of income?
Individual income taxes is the federal government's largest source of funds.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
Who collects state income taxes?
The state itself will collect income taxes from its citizens if it is a state that collects state income taxes. 43 of the 50 states collect state income taxes.
