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Nat2105 [25]
3 years ago
7

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

History
2 answers:
Alja [10]3 years ago
6 0
<span>The federal government collects income taxes in installments rather than waiting until the end of the year for a variety of reasons. The primary reason is for cash flow purposes. The government's cash expenditures are ongoing throughout the course of the year so in order to manage cash flow to allow for payment of the expenses they need periodic inflows as well. This is the practical purpose for the installments. Failure to have periodic cash flows to match periodic expenditures would also result in the need for heavier short term borrowing which would further increase expenditures in the form of increased interest incurred. Cost savings is therefore a second reason.</span>
damaskus [11]3 years ago
6 0

It is more convenient for the government and taxpayers to collect in installments.

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The correct answer is: Cold War-era competition between the United States and the Soviet Union

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What are the advantages and disadvantages of the us trial system
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3 years ago
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Who do you think benefited most from my the system of share cropping?
yuradex [85]

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This was practiced in the South after the Civil War and massively benefitted the landowners because the sharecroppers were usually newly freed Black Americans who were pushed into debt due to the Sharecropping system.

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If they could not pay after sometime, they had to sign contracts that made them stay and work as labor until they could pay off the debt which gave the white landowners free labor for doing nothing.

6 0
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