• A few random thoughts on Taxes

    9 days ago - By Calculated Risk

    A few random thoughts...
    Income and corporate taxes are just part of the tax system. Americans pay a wide variety of taxes. These include sales, property, payroll, state and Federal income and corporate taxes, and more. Many of these taxes are regressive, meaning that lower income families pay a higher percentage of their income for these taxes. Sales taxes and payroll taxes are example of regressive taxes.
    There are some "hidden" taxes, such as resource extraction taxes ( severance tax "imposed on the removal of non-renewable natural resources") and state lotteries. The severance tax is...
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