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What does the government use income taxes for?
Since most government spending is funded by income tax (or by loans which are expected to be repaid eventually through income tax) the government uses income tax for pretty much everything the government does; in addition, we could observe that since this is a progressive tax (people with more income pay more tax) this is a form of redistribution of wealth (although of course, there are many tax loopholes so the scheme usually does not work exactly as advertised).
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
What created the income on tax?
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
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 is income tex?
An income tax is a tax imposed by a government directly on financial income. It varies with the income or profits of the taxpayer.
Is federal income tax direct or indirect?
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.
From which form government gets more Income?
income tax
Who is gives maximum tax in India government?
Income Tax
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.
How do you do income tax?
Is something missing from this question? It doesn't make a lot of sense. Do you mean how do you avoid income tax? Do you mean how does the government tax income? Do you mean, how do you caluclate the amount of income tax that you will have to pay?
Does the US government get more revenue from private income tax or corporate income tax?
Well dah
What large government mailing is mailed on December 26th?
income tax paper
