Answer: The taxes are deducted to help government in development of the nation.
Explanation:
Individual income taxes: These taxes are deducted from the annual income of the citizens.
Corporate income taxes: These taxes are deducted from the annual income of the organization.
Consumption taxes: These taxes are deducted along with the expenditure done on the goods and services.
These taxes deducted are used for development of the infrastructure of the country in making roads, highways, installment of street light poles in urban and rural areas, development and maintenance of government offices, hospitals, educational institutions, and other buildings.
One advantage is that if successful, all the money goes to you. If you're a huge company with shareholders, then the people and the investors get some of the money the company makes. In a sole proprietorship, everything goes to you and then you can choose what to do with it.
Answer:
Two-Thirds
Explanation:
The Constitution provides that an amendment may be proposed either by the Congress with a two-thirds majority vote in both the House of Representatives and the Senate or by a constitutional convention called for by two-thirds of the State legislatures.
