What are the Average Tax Rates?

What is the difference between progressive and regressive tax system?

some economists have argued that corporate taxes should be eliminated and only individuals should be taxed. explain.

If taxes are a cost of doing business and are built into the price of goods and sevices, who actually pays those taxes?

1. What are the Five most common Types of Taxes? Give Examples.

What items are part of mandatory spending in the federal government?

What is the benefit of having state and local taxes on income instead of collecting all such taxes at the federal level? What is the local tax in your county/city? Make sure to state the county/city and the tax rate. How does this compared to the tax rate of neighboring counties/cities? How do you feel about this? Does the location with the higher tax rate receive better amenities (schools, police, road conditions? Would you rather pay a higher tax for better service?

what role does taxation and budget process play in government decisions?

Which is smaller in value, a $7,500 tax deduction or a $7,500 tax credit? Explain why. Please No more than three sentence. keep it simple.

When the government spends tax dollars where does the money come from? What does the government obtain with the money? Are there any opportunity costs to government taxing and spending?