State and local governments depend on many different types of taxes, one of which is known as an excise tax. Like general sales taxes, excise taxes are paid on the purchase of an item. But unlike sales taxes, excise...
- Social Security and Medicare Tax Rates, Calendar Years 19...
Social Security and Medicare Tax Rates, Calendar Years 1937 - 2009
Key Findings Using the Tax Foundation’s Taxes and Growth (TAG) Model, this paper simulates both the economic benefits and budgetary costs of a cut in the corporate income tax rate from the current 35 percent to the OECD average corporate...
Key Findings A tax expenditure is a departure from the normal tax code that lowers a taxpayer’s burden, such as an exemption, a deduction, or a credit. The list of tax expenditures in a tax system depends heavily on what one considers...
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