How is Local Transport, Schools and higher Education, and Government Housing funded for?
2007-01-05 01:32:02 · 17 answers · asked by Loving and loved 2 in Education & Reference ➔ Homework Help
I know its taxes and that, but How is it all done?
2007-01-05 01:35:42 · update #1
Taxes
2007-01-05 01:33:18 · answer #1 · answered by flyingconfused 5 · 1⤊ 1⤋
Taxes
2007-01-05 01:34:29 · answer #2 · answered by Nina 2 · 0⤊ 1⤋
Tax is the simple answer - but in all its forms - income tax, corporation tax, road tax and vat are all paid centrally to be divided up as appropriate then local taxes and income such as council tax and local fixed penalty fines (parking tickets), court fines and such are used in the ares where they are generated. Councils have to allocate their budget and spend it - if they don't spend it they don't get enough central funding the following year. This is a really simplified description - there is a lot more to it than this but try some reading up on economics books for further explanations
2007-01-05 01:39:33 · answer #3 · answered by StephE 3 · 1⤊ 1⤋
Everybody has a certain percentage taken out of their wage, say 10% for basic tax, another 10% for national insurance. (Probably much higher than this but I don't know) Then we are taxed per year for council which depending on where you live (in UK) it's between £700 and £1500, we pay VAT on all they consider luxuries, (Cigarettes, Cd's, DVDs, clothes, even sanitary towels and tampons bizarrely enough).
The government makes millions every year, and it goes into separate pots, 20% for NHS, 20% schools, 10% police, etc, and everything else for the 'hard working' MPs. And it's all divided out like that.
I hope this helps.
2007-01-05 01:46:03 · answer #4 · answered by floppity 7 · 0⤊ 1⤋
Theft - of your money by the government through the myriad taxes imposed on you.
PAYE (a percentage of everything you earn)
National Insurance (a capped percentage of everything you earn)
Council Tax (Yearly amount collected by local government)
Fuel, Tobacco and Alcohol Duty
VAT - a cut of almost everthing you buy (even though you've already given some of this before you're even paid).
Corporation Tax - the money paid by businesses just for making a profit.
etc, etc, etc...
2007-01-05 01:36:14 · answer #5 · answered by mark 7 · 1⤊ 1⤋
Out of the taxes that government collects from working people and businesses.
2007-01-05 01:35:17 · answer #6 · answered by Anonymous · 0⤊ 1⤋
taxes
2007-01-05 01:35:07 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Good old TAX
2007-01-05 01:35:07 · answer #8 · answered by Anonymous · 0⤊ 1⤋
tax
2007-01-05 01:33:51 · answer #9 · answered by Damio 2 · 0⤊ 1⤋
are you kidding, do you work and pay taxes, look at the deductions
2007-01-05 01:34:47 · answer #10 · answered by Richard S 1 · 0⤊ 1⤋