Which of the following statements best explains the importance of taxing by Congress?(1 point)

Responses

The importance of taxing is to help all citizens fund and pay for personal living expenses.
The importance of taxing is to help all citizens fund and pay for personal living expenses.

The importance of taxing is to raise revenue for the federal government.
The importance of taxing is to raise revenue for the federal government.

The importance of taxing is to eliminate personal consumer debt and loans.
The importance of taxing is to eliminate personal consumer debt and loans.

The importance of taxing is to decrease the national debt.

1 answer

The statement that best explains the importance of taxing by Congress is:

"The importance of taxing is to raise revenue for the federal government."

This response accurately reflects the primary purpose of taxation, which is to generate funds needed for government operations and services.