Cryptocurrency Q&A
What does the government make the most money from?
What does the government make the most money from?
Silvia
Mon Jan 13 2025
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5 answers
1216
I want to know the main source of government revenue. Specifically, I'm curious about what generates the most income for the government.
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5 answers
CryptoGladiatorGuard
Tue Jan 14 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the growing digital asset market. Their offerings include spot trading, futures trading, and a wallet service, allowing users to buy, sell, and store their cryptocurrencies securely.
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Raffaele
Tue Jan 14 2025
The government generates revenue through various sources.
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KimchiChic
Tue Jan 14 2025
A significant portion, 45%, is derived from individual income taxes. This includes taxes paid by citizens on their earnings, salaries, and wages.
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BonsaiLife
Tue Jan 14 2025
Another large chunk, 39%, comes from Social Security and Medicare taxes. These taxes are deducted from employees' paychecks and are used to fund retirement benefits and healthcare programs.
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CryptoPioneer
Tue Jan 14 2025
Corporate income taxes contribute 12% to the government's revenue. This tax is imposed on the profits earned by businesses and corporations operating within the country.
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