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Will you get the exact amount of money back in taxes that the government took?
Wiki User
∙ 13y ago
Usually not. This would only happen if you owe no tax at all.
Wiki User
∙ 13y ago
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What term represents the amount of money the government is spending over what if is receiving in taxes?
deficit
This term represents the amount of money the government spending over what it is receiving in taxes?
deficit
What term represents the amount of money the government is spending over what it is receiving in taxes.?
deficit
This term represents the amount of money the government is spending over what it is receiving in taxes.?
deficit
Where do fire departments get money?
From government, so our taxes.Yes from Government, But not the taxes. Taxes are not used for infrastructure in the least amount. It is being used to pay on the INTEREST of the national debt alone.
How do republicans feel about taxes?
Republicans feel that taxes should be minimal. They largely believe that the government should be minimal to reduce the amount of money needed.
What are taxes?
Taxes are money that gets paid to the government.
How much does the government take for taxes?
The amount of money that your government takes for taxes is based on how much money you earn, the deductions you take such as for charitable donations, your marital status, the type of work you are involved in and other factors listed on the tax form.
What happens when a company don't take the right amount of taxes out of your check and in so you owe the federal money?
Ultimately the employee is responsible for setting and monitoring the amount of taxes taken out of a check. Whether the taxes were taken out over the whole year or not, you still owe the government the same amount of money come tax time.
Do taxes pay off the national debt?
The national debt can be repaid by taxes, but only if the amount of other spending is less than the amount of taxes that are collected. If the government continues to spend more money every year than it collects in taxes, then the debt will necessarily increase.
Where does the federal government get its money?
taxes
What did Andrew mellon believe about high taxes?
He believed that high taxes reduced the money available for private investment and prevented business expansion. Melon further argued that high taxes actually reduced the amount of tax money the government collected.
