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re: How does collected tax get accounted for? Do we seperate it?
Posted on 4/29/17 at 11:03 pm to the LSUSaint
Posted on 4/29/17 at 11:03 pm to the LSUSaint
Some taxes are dedicated funds while others go into a general fund. Congress sets the budget for spending from the general fund.
1
Posted on 4/29/17 at 11:07 pm to The First Cut
Thats basically what I thought, but why not just pass a law making taxes for specific purposes, put in separate accounts, therefore making it easy to find the mishandling of dedicated money.
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