Answered

The main purpose of taxes is to:

Agenerate revenue for funding government programs.
Breduce the chances of inflation.
Ccreate jobs.
Ddiscourage use of certain goods and services.

Verified Answer :

The main purpose of taxes is to generate revenue for funding government programs.

Answer:

A. Generate revenue for funding government programs is the correct answer.

Explanation:

The fee levied on individuals and corporations by a government entity for financing their activities are known as Taxes. The government tax people to get revenue for funding the public works and to maintain the public infrastructure. The taxes are used to improve the economy. It mandatory for the citizens to pay taxes and failure to pay the taxes is known as tax evasion. Tax evasion is punishable by law. In US Internal Revenue Service is responsible for collecting the taxes.

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