How are taxes and fees different? (1 point) Responses Taxes are less regulated than fees since they rarely require a vote to raise. Taxes are less regulated than fees since they rarely require a vote to raise. 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.
1 answer
The most accurate distinction between taxes and fees is:
Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services.
This explanation emphasizes the primary purpose of each: taxes are generally collected to fund government services and public goods, while fees are charged for specific services provided by the government, often intended to offset the costs associated with those services.
