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Earn +20 ptsQ: How did US federal government raise money before income tax?
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What is an example of delegated power given to the federal government?
The power to engage in war. The power to levy income tax.
Can congress appropriate money to the federal government?
Yes, it is true that Congress can appropriate money to the federal government. This is how federal departments are funded.
Where is the greatest proportion of the money spent by the federal government in any given year is used?
income security payments to individuals and national defense
Why is the federal government responsible for money and banking?
If the federal government wasn't in charge it would be a mess. That would mean there would 50 different kinds money and no rules on banks. It falls to the federal government to make sure the money is good for the United States and overseas.
What is federal revenue?
AnswerTaxes, taxes and more taxes
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