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

2 answers:

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.

You might be interested in

1.. Select the incorrect statement about the Renaissance.. .A] Meaning \"rebirth,\" this was a period of time where people began

Angelina_Jolie [31]

The incorrect statement about the renaissance is : C. Great Thinkers looked to the accomplishments of the middle ages as inspiration

This statement is False because many Great Thinkers looked at the Renaissance period as A dark Ages when no scientific accomplishment was made, no good art produced, and no great leader was born

hope this helps

4 0

3 years ago

After he was excommunicated, Henry IV stood barefoot in the snow to gain the people’s forgiveness. If given the chance to interv

Anarel [89]

1) why did you decide that standing in the snow would gain peoples forgiveness?

2) why (in that time) was it appropriate to excommunicate people?

3) what did you do to be excommunicated?

5 0

3 years ago

Why did the United States oppose H.o Chi Minh? ITS CCCCCCC

gregori [183]

Answer: