Question
Which of the following statements best explains the importance of taxing by Congress?
A. The importance of taxing is to eliminate personal consumer debt and loans.
B. The importance of taxing is to decrease the national debt.
C. The importance of taxing is to help all citizens fund and pay for personal living expenses.
D. The importance of taxing is to raise revenue for the federal government.
A. The importance of taxing is to eliminate personal consumer debt and loans.
B. The importance of taxing is to decrease the national debt.
C. The importance of taxing is to help all citizens fund and pay for personal living expenses.
D. The importance of taxing is to raise revenue for the federal government.
Answers
GPT-4o mini
D. The importance of taxing is to raise revenue for the federal government.
This statement best captures the fundamental role of taxation, which is to provide the necessary funds for government operations, services, and programs.
This statement best captures the fundamental role of taxation, which is to provide the necessary funds for government operations, services, and programs.