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Source of Income, State the Following Form

Source of Income, State the Following Form

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every time you see a fire truck or school bus drive down the road or get the mail that's thanks to a government service how does the government pay for all those Services taxes and in the US one look at a pay stub shows us that there are different levels and different types of taxes the taxes that come out of your paycheck are taxes on what you earn which include income taxes and social insurance taxes together individual and corporate income taxes make up the largest source of revenue for the US Federal Government funding things like National Defense Medicare and Social Security State and local governments also require Revenue which they raise through a combination of income taxes sales tax and property taxes these taxes fund everything from education to transportation and more but not every state relies on the same taxes to generate the revenue some states forgo a sales tax While others may have no income tax every country raises Revenue differently too for example income tax

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