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mainly taxes
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∙ 6y ago
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Where did Franklin get most of his income from?
i think he got his income from the government. that is all i know
Are government grants for individuals based on income level?
In most cases government grants for individuals are not based on income level. If you are starting a business with no income you may qualify. “Are government grants for individuals based on income level?”
Where did Benjamin Franklin get most of his income from?
i think he got his income from the government. that is all i know
What level of government relies the most on income taxes?
Federal Gvt
Which tax raises the most revenue for the federal government?
personal income tax
Why is income tax important for the government?
income tax is one of the most important source of government revenue. in us around 31% and UK around 29% of government revenue comes from income tax . this is the biggest source of governments revenue. this is only one of many imporatnce.
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 taxed income?
Income tax is the tax that the government takes out of the income you earn. It is the main form of taxes that the government receives from you. This money is used to pay for infrastructure, military, government employees, government programs such as welfare or grants, and anything else the government needs to pay for. The amount of taxes that are taken out of your paycheck depends on the income bracket in which you stand. Typically, if you make more money, you will be taxed a higher percentage.
Why do you have income tax?
So that the government has some income to pay for all of the expenses of the government operations.
What two levels of government do you pay income tax to?
The Federal government is the level of government we pay income taxes to.
What is income of the government?
Individual income taxes is the federal government's largest source of funds.
