Asked by: Faysal El Hmidiasked in category: General Last Updated: 8th May, 2020
What gives the government the power to collect taxes?
In this regard, which branch of government has the power to lay and collect taxes?
Subsequently, question is, can the federal government tax citizens directly? The national government could not tax citizens directly, only request money from the states. The states rarely contributed money, meaning the national government could not pay its debts or fund initiatives.
In respect to this, why does the government collect taxes quizlet?
In order to generate some of the revenue needed to provide goods and services not provided by the market economy e.g. national defense, highways, police and fire protection, education, and courts.
Why do employers withhold a set amount of your income?
Because it is based off how much you owe in federal income taxes for the entire year. It is a persons gross income minus exemptions and deductions.