2006-08-16 21:08:58 · 15 answers · asked by neel_tin 1 in Politics & Government ➔ Government
no they sell Arms, medicines, rice, wheat fruits , technology and lot of other stuff to different countries.
but 75 % of income is from Taxes.
2006-08-16 21:14:25 · answer #1 · answered by Fishi 3 · 0⤊ 0⤋
Taxation is the most important source of income for any government. In fact, taxation is the prerogative of the government, whatever be its form. But , that is not the only source of income. Government can make investments in business, in the form of shares in corporations, banks, companies etc. Of late, it seems to be the policy of the government to sell the shares of the government in many such companies to meet the fiscal deficit. The dividends earned by these companies go to the coffers of the government.
2006-08-16 21:16:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Nope,
Revenue can be raised through taxation, national insurance contributions, borrowing, charging for services or by selling off state-owned assets.
Sales of bonds (savings bonds are easy to understand) is a borrow.
Interest, just like we receive bank interest in savings.
2006-08-16 21:25:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Import duties
Medicare payments are considered
SSI is considered, since it goes into the treasury and spent like income. Then SSI payments become a liability. Tricky book keeping, huh?
2006-08-16 21:20:43 · answer #4 · answered by ed 7 · 0⤊ 0⤋
No. Not at all.
Investments, Exports, selling rights, Govt. owned appriciated proporties etc. are some of the sources of income for government.
2006-08-16 23:27:06 · answer #5 · answered by Raj 2 · 0⤊ 0⤋
depends on what you think the definition of taxation is.
Fines, surcharges, levies, fees, and other charges are all forms of taxation. Any time the government charges you money, it's considered a tax. But they give it different names.
Sales, property, income, trade taxes, estate taxes, capital gains taxes, fees, fines, levies, surcharges, gas taxes, eco taxes, admission fees, campaign donations, the list goes on and on forever.
2006-08-16 21:16:19 · answer #6 · answered by askthepizzaguy 4 · 0⤊ 0⤋
They issue Government Bonds on the money markets.
Effectively when you invest in a bond you are lending the government money over a certain time period and they agree to pay you back at a certain interest rate.
2006-08-16 21:17:30 · answer #7 · answered by Chris Wogan 2 · 0⤊ 0⤋
not necessarily - other sources include intrest earned on deposits ex foreign exchange reserves, profit from state owned compnies ONGC etc, disinvestements
2006-08-16 21:18:46 · answer #8 · answered by Gman 2 · 0⤊ 0⤋
Donations, and
Escheat of private properties when a person died without heirs,
2006-08-16 21:15:25 · answer #9 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
yes
2006-08-17 08:35:41 · answer #10 · answered by eg_ansel 4 · 0⤊ 0⤋