“How will you raise income”?
Jan 27, 2012 | 1 comment
Who has the energy to make taxes in your government? What things will be taxed? Whem will taxes be paid? What occurs if taxes aren’t paid? If you do not tax, how will you raise cash for your state?
1. Generally, the legislature has the power to tax.
2. Just about anything and everything can be taxed.
3. Taxes are paid according to the rules of collection. Sales taxes, for example, are paid at the time of the sale. Income taxes are withheld from pay and reconciled once a year.
4. Laws enforce the collection of taxes.
5. States do not have sufficient sources of income with taxes.