answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why the government prefer to collect sales taxes from firms rather than consumers?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

Why does the federal government collect income taxes in installments rather than waiting until the end of the year?

The Federal government give taxpayers the option to pay their income taxes in installments to make it easier on people with limited incomes. Also, this allows taxpayers to adjust their payments so that if there is an increase or decrease in their income, they can still have paid their proper taxes by the end of the year.


Why does the federal governments collect income taxes in installments rather than waiting until the end of the year?

The Federal government give taxpayers the option to pay their income taxes in installments to make it easier on people with limited incomes. Also, this allows taxpayers to adjust their payments so that if there is an increase or decrease in their income, they can still have paid their proper taxes by the end of the year.


How are payroll taxes different from personal income taxes?

They pay for specific social programs rather than general government activities.


Why does the government take taxes out of your paycheck?

The Constitution of the US allows the government to tax individuals to provide for the common needs of the people. Many other countries have similar laws and tax structures. One of the most 'equitable' means of doing so is to base the tax on the income of the individuals, rather than having a flat tax for each person. This supposedly puts a bigger burden on the rich then the poor. By requiring each business to submit the tax from each pay check, the government gets a more even spread of money throughout the year, and prevents people from spending it before the government gets their share.


Can a credit card company collect on a charged off account after 7 years?

Your state's Statute of Limitations law will provide you with the answer to that question. Charging off a debt is essentially just a bookkeeping term, and does not affect the company's ability to collect the debt from you. The seven-year time frame you reference is related only to how long it can be reported on your credit file, and is completely separate from the Statute of Limitations, which can be anywhere from 3 to 10 years or more. Of course, I'm not a lawyer and this should not be construed as legal advice, but rather general information based on my experiences and research. I make no guarentee as to the accuracy of the information.

Related questions

Why did the new state prefer a republic rather than a democracy for their government?

because the republicanism is better than pure democracy


What is the difference between would rather and would prefer?

well let me tell you "rather and prefer" means the same so you are gonna use prefer in two ways. you can use "to + infinitive verb" or an -ing form after prefer you can say: examples: I prefer to eat a salad or I prefer eating and rather you just use it whit a verb whitout to or an -ing form I rather go the park I rather sit down


Is rather an action verb?

Rather is an adverb, not a verb.If you say I would rather..., it means I would prefer..., but, although prefer is a verb, ratheris not.


What does gay passive mean?

They prefer to be the receiver rather than the giver. They prefer being penetrated rather than penetrating.


What is a centrally-planned economy?

A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.


What is a centrally planned economy?

A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.


Six letter word for rather have?

prefer


What is a six letter word for rather have?

prefer


What does prefence mean?

something you would prefer or rather do


What do you prefer out of rabitt or hamster and why?

I WOULD RATHER PREFER A RABBIT. CHOSE A RABBIT BECAUSE I THINK THEY ARE MORE CUTER


Do french people prefer revolutions over reforms?

they prefer neither they rather suck lollipops and drink beer


Do starfish prefer warmer or colder waters?

Starfish prefer warmer waters rather than colder waters.