Question

 Where does income tax money go?

Answer Income tax is the primary source of revenue for the federal government. The federal government uses the income tax money for various economical projects including funding infrastructure projects, w... Read More »
http://www.answerbag.com/q_view/1970847

Top Q&A For: Where does income tax money go

Is Inheritance money to be reported on federal income tax as income?

It is possible to have some taxable income from an inheritance the source and the type of income that is inherited is what will determine this. Inherited pension or IRA. If you inherited a pension... Read More »
http://wiki.answers.com/Q/Is_Inheritance_money_to_be_reported_on_federal_income_tax_as_...

If one received a financial compensation for loss of limb from an insurance company is that money taxable and should it be included as income for income tax in Ontario Canada?

That is going to depend on your destination. For example, if you are flying into the United States you could opt to get travel insurance from American Visitors Insurance, a well known travelers' he... Read More »
http://wiki.answers.com/Q/If_one_received_a_financial_compensation_for_loss_of_limb_fro...

How is the money from income tax spent?

the money is spent on things like the health service and schools and stuff like that
http://wiki.answers.com/Q/How_is_the_money_from_income_tax_spent

How much money does income tax generate?

According to the Congressional Budget Office, for the fiscal year 2009, individual income taxes generated $915 billion, while corporate income taxes generated $138 billion. So the total amount prod... Read More »
http://www.answerbag.com/q_view/1866151


feedback
loading