Quotes On Taxes
"Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes."
Who is Ben Franklin
The most basic reason we pay taxes
What is to fund the government
A tax that disproportionality affects high-income earners
This form is used to tell your employer how much to withhold for taxes
What is a "W-4"
Gained at a 2 or 4-year university
"The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
Who is Ronald Reagan
What is to influence consumer decisions
Sales tax is an example of this type of tax
Payroll Deductions/Withholdings
You just get lucky
What is chance
"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things."
Adam Smith
Why the government taxes people who make more money at a disproportionate rate
Income Distribution
What is proportional
These two taxes make up the FICA Taxes
Social Security
Medicare
Climbing wind turbines can be a lucrative career. While the educational knowledge required is small, one reason to be pointed is the ________ associated with the job.
Risk
“Taxes are what we pay for a civilized society”
Justice Oliver Wendell Holmes
What is Vertical Equity
The Federal Income Tax system
What is a Progressive Tax System
Federal Insurance Contributions Act
This career was virtually capped due to the 2020 pandemic and now there is a shortage in this particular labor industry
What is the "service industry"
"Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders."
Who is Thomas Sowell
Business property taxes can be classified as
What are indirect taxes
Texas, Florida, and Alaska do not have any of these
What are "State Income Taxes"
When demand shifts right and there is a new amount of workers is required for a good or service, the price per unit of labor will
What is "increase"