ECON: MACRO4
4th Edition
ISBN: 9781305436862
Author: William A. McEachern
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 3.11PA
To determine
The sources of revenue for the U.S government, important type of taxes at each level of government and the 2 taxes that are the most revenue generating to the federal government.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What would happen if Texas collects less taxes and generates less revenue?
Where does our taxes goes? What are the things that the government do to our taxes? Who are those people involved in a certain government projects?
How do governments use spending and taxation to reduce inequality
How do governments use spending and taxation to reduce inequality and poverty in an economy?
How do governments use spending and taxation to reduce inequality
Knowledge Booster
Similar questions
- What are the fundamental principles of taxation?arrow_forwardWhat are the benefits of tax reform in the Philippines?arrow_forwardHow does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?arrow_forward
- The federal government currently uses many forms of taxation, both direct and indirect, to raise revenue. Would it not be more effective and less burdensome just to employ a single tax? What would you consider to be a more effective and efficient system of raising revenue?arrow_forwardWhy is taxation considered as the strongest among the three inherent powers of the State?arrow_forwardIn a modern, industrial society, the tax system is derived from several disciplines. Identify the disciplines that play this role in the United States. Explain how each of them affects the U.S. tax system.arrow_forward
- What is the nature of Taxation?arrow_forwardWhich of the following descriptions of government revenue is correct? Check all that apply. Corporate profits are taxed twice by the federal government. Payroll taxes are mainly used to pay for Social Security and Medicare. The largest source of revenue for state and local governments is the personal income tax.arrow_forwardThe largest source of revenue for the federal government is ? A.corporate income taxes. B. the sales tax C. excise taxes D. individual income taxes E. the value added taxarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningPrinciples of Microeconomics (MindTap Course List)EconomicsISBN:9781305971493Author:N. Gregory MankiwPublisher:Cengage LearningPrinciples of Economics, 7th Edition (MindTap Cou...EconomicsISBN:9781285165875Author:N. Gregory MankiwPublisher:Cengage Learning
- Principles of MicroeconomicsEconomicsISBN:9781305156050Author:N. Gregory MankiwPublisher:Cengage LearningSurvey of Economics (MindTap Course List)EconomicsISBN:9781305260948Author:Irvin B. TuckerPublisher:Cengage Learning
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Microeconomics (MindTap Course List)
Economics
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou...
Economics
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Cengage Learning