Taxes played a central role in last night’s presidential debate, as Hillary Clinton and Donald Trump presented contrasting visions for U.S. economic policy. The candidates mentioned taxes over 40 times throughout the...
- Putting a Face on America's Tax Returns: Chart 4
Putting a Face on America's Tax Returns: Chart 4
Key Findings: While the Tax Foundation typically uses the Taxes and Growth model to forecast the revenue and economic effects of proposed federal tax changes, the model can also be used to “backcast” the effects of past tax changes...
Key Findings Average wage earners in the United States face two major taxes: the individual income tax and the payroll tax (levied on both the employee and the employer). Although a little more than half of a U.S. worker’s payroll tax...
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