What Is the Purpose of Income Taxes?

Answer

The purpose of income tax is to create programs that sustain an economy. The tax is used for social security, maintaining the defence/army, sustaining municipal operations and in enforcing of law. Income tax is imposed in most states as well as local governments, and is usually deducted from citizens' incomes.
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Ask.com Answer for: what is the purpose of income taxes
The revenue the government collects via taxes is used to fund Social Security, health care, the military, education, scientific research, the space program, transportation, agricultre, environmental programs, the justice system and more.
The main purpose of the income tax is to fund government programs. In the UK, income tax is the main source of income for the government. The tax year runs from April 6th to April 5th of the next year.
The main purpose of income tax is to fund governmental operations through redistribution to the various portions of society such as defence and health care. In most countries it is progressive, meaning that the more income you generate, the more income tax you pay.
The purpose of income taxes is mainly to raise the revenue needed in order to fund government operations. Income taxes also act as a tool for collection of information on the citizens, and corporations economic and financial state.
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