asked 202k views
4 votes
You're most likely to pay your county or town taxes in the form of a/an _______ tax.

asked
User Tadija
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2 Answers

7 votes
The answer is "Income" tax.
answered
User JDC
by
7.9k points
1 vote

Answer:

Income tax is the correct option.

Step-by-step explanation:

The tax imposed by the governments on the income generated by the businesses and the individuals who are under their jurisdiction. Taxpayers file an income tax return and determine the tax obligations. They are a source of government revenues. The income taxes fund the public services, paying obligations and also for providing the goods for citizens. In most of the countries, there is a progressive income tax system in which high-income earners pay the taxes and the low-income earners are exempted from it.

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User Myersjustinc
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