Question

How are taxes and fees different?(1 point)
Responses

Taxes are a payment to the government for public works, and fees are money borrowed by the government.
Taxes are a payment to the government for public works, and fees are money borrowed by the government.

Taxes are a charge on a service provided by the government, and fees are payments to the government to fund public works.
Taxes are a charge on a service provided by the government, and fees are payments to the government to fund public works.

Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services.
Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services.

Taxes are less regulated than fees since they rarely require a vote to raise.

Answer 1

pick one of the options

Answer 2

Fees, on the other hand, typically require approval by a governing body or agency before they can be implemented or increased.

Answer 3

Taxes are a payment to the government for public works, and fees are payments to the government to fund public works.