The federal income tax helps to fund the affairs of the nation both internal and external. These affairs cover defence, Social Security, health programs and social safety net programs.
What is a federal income tax?
The federal income tax is a tax on yearly income for persons, businesses, and other lawfully recognised bodies. All earnings, cash gifts from employers, business income, gambling income, bonuses, and unemployment benefits are subject to a federal income tax.
Therefore, federal income tax helps to run the affairs of a State.
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