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baherus [9]
3 years ago
14

The main purpose of taxes is to:

Social Studies
2 answers:
Ad libitum [116K]3 years ago
7 0

Answer:

A. Generate revenue for funding government programs is the correct answer.

Explanation:

The fee levied on individuals and corporations by a government entity for financing their activities are known as Taxes. The government tax people to get revenue for funding the public works and to maintain the public infrastructure. The taxes are used to improve the economy. It mandatory for the citizens to pay taxes and failure to pay the taxes is known as tax evasion. Tax evasion is punishable by law. In US Internal Revenue Service is responsible for collecting the taxes.

sammy [17]3 years ago
6 0
The main purpose of taxes is to generate revenue for funding government programs.
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The concept of motivation by self interest is given by Mr Adam Smith. He was the great economist and the philosopher. He belonged to Scotland and is considered as the pioneer of the Political economy. He is also remembered or known as the Father of Economics.

According to Adam and some more economists, an individual acts if he is motivated by self interest. It means that if someone has some personal interest in anything, he is more likely to be motivated for achieving that. According to economists, this motivation is necessary as it builds competition and acts as an important economic Force. The regulator of economic activity is Competition, and the competition is best achieved when a person is fully motivated, and a person is fully motivated when he has some personal interest in that task.

When people have their own interests and want to make money, they try to make the society or economy better as a whole.

Learn more about economies at:

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