https://padlet.com/acoffey1/513vwjflngn8 Made with the strength to succeed en-us 2019-05-14 11:56:51 UTC 2024-10-21 16:23:27 UTC hello@padlet.com acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359849092 A tax on the money people spend not the money people earn. Sales tax, which is an excise tax on a specific good, such as alcohol or gasoline, is a type of consumption tax.]]> 2019-05-14 11:58:54 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359849092 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359850356 A tax that is higher for taxpayers with more money. The U.S. federal progressive tax system has income tax, wealthy individuals pay tax at a higher rate than less wealthy individuals. ]]> 2019-05-14 12:02:53 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359850356 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359851426 A regressive tax is one that is not progressive. This could either mean that the tax is lower for wealthy individuals or that the tax is flat everyone pays the same rate.]]> 2019-05-14 12:05:58 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359851426 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359852661 A proportional tax is the same as a flat tax. Taxpayers at all income levels pay the same proportion in taxes. Proportional taxes are regressive taxes. ]]> 2019-05-14 12:09:53 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359852661 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359853333 The taxes you pay on homes, land or commercial real estate. You have to keep paying them for as long as you live in a home. ]]> 2019-05-14 12:11:54 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359853333 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359855171 Capital gains taxes apply to investment income after an investment is sold and a capital gain is realized. ]]> 2019-05-14 12:16:54 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359855171 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359855436 Estate and inheritance taxes are paid after someone dies. An estate tax is paid from the net worth of the deceased. It’s a tax on the privilege of passing on assets to heirs.]]> 2019-05-14 12:17:43 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359855436 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/359856543 The tax of the income you earn. Federal income taxes are both progressive and marginal. Marginal means that there are different tax rates for different income brackets.]]> 2019-05-14 12:20:51 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/359856543 acoffey1 https://padlet.com/acoffey1/513vwjflngn8/wish/360289205 These taxes cover your contributions to Medicare, Social Security, disability and survivor benefits and to federal unemployment benefits. It is the amount deducted from your paycheck for healthcare premiums or 401(k) contributions.]]> 2019-05-15 11:54:22 UTC https://padlet.com/acoffey1/513vwjflngn8/wish/360289205