How are taxes and fees different?(1 point) Responses Taxes are less regulated than fees since they rarely require a vote to raise. Taxes are less regulated than fees since they rarely require a vote to raise. Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services. Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services. Taxes are a payment to the government for public works, and fees are money borrowed by the government. Taxes are a payment to the government for public works, and fees are money borrowed by the government. Taxes are a charge on a service provided by the government, and fees are payments to the government to fund public works.
Taxes are government-mandated payments made by individuals and businesses to support public services, while fees are charges for specific services or activities provided by the government. Taxes are typically broader in scope and apply to a wide range of transactions, income, and property, while fees are more targeted and specific to certain services or activities. Taxes are typically set by law and require legislative approval to change, while fees can often be set or adjusted administratively by the agency providing the service.
