…ad is accurate” if “you include a combination of income taxes and payroll taxes — which make up the bulk of federal taxes for most taxpayers.” That conclusion is fatally…

…are not apparent because they generally don’t appear on purchase receipts, paychecks, or tax returns. Some examples include excise taxes, employer payroll taxes, and corporate income taxes. Although businesses write…

…• Corporate payroll taxes: Romney is self-employed, and hence, his corporate payroll taxes are shown on his personal tax return under his self-employment taxes. • Corporate income taxes: CBO estimates…

…pay “Social Security and Medicare payroll taxes, state and local sales taxes, excise taxes, or some other levy.” In the video, he adds that “pundits and politicians” have misused data…

…to Social Security from the general fund of the U.S. Treasury—which is funded by personal income taxes, corporate income taxes, excise taxes, estate and gift taxes, and other receipts. To…

…in Social Security taxes, the earned income tax credit can effectively reduce their Social Security taxes to little or nothing. Hence, their actual returns from Social Security are multiplicatively higher…

…of all voters, 57% of Obama voters, and 94% of Romney voters. Question 2: What about taxes, do you think combined federal, state, and local taxes now consume a larger…

…possibly result from increasing taxes on the wealthy. To drive the point home, Buffett said that when he managed funds for investors, “Never did anyone mention taxes as a reason…

…the general fund of the U.S. Treasury, which is not funded with Social Security payroll taxes but with income taxes, corporate income taxes, excise taxes, and other miscellaneous taxes, such…

…be allowed to save and invest some of their Social Security taxes in personal accounts instead of paying these taxes to the Social Security program. In your view, do you…

…Answer: Taxes are more than $25,000 per household per year. In 2012, federal, state and local governments collected a combined total of $3.997 trillion in taxes or an average of…

…invest some of their Social Security taxes in personal accounts instead of paying these taxes to the Social Security program. In your view, do you think such proposals generally improve…

…writes: In fact, if you add up all the taxes paid — not just on income and capital gains but also payroll taxes (which don’t apply to income above $110,100)…

…tax rate than other income groups—when in reality—the polar opposite is true. Buffett distorts the truth about taxes via a two-step process. First, he entirely ignores corporate income taxes, which…

…portion of the nation’s economy, federal taxes and spending rose steeply between 1930 and World War II. Since then, taxes have risen slightly, but spending has risen more. The vast…

…comprehensive, because it accounts for all forms of income from the private sector and government, including non-cash income like healthcare benefits, housing, and food. Furthermore, disposable income subtracts out taxes,…

…taxes and all income. This includes hidden taxes, capital gains, loopholes, deductions, and benefits that are typically not taxed, like employee health insurance. The U.S. Treasury, the Congressional Budget Office,…

…stood opposed to the two-thirds of Americans who want to raise taxes on the wealthy. First, Muir grilled Marco Rubio by stating, “A recent poll [found that] 68% of Americans…

…taxes to its income stream. Yet, the program is still facing insolvency, mainly because the ratio of workers paying taxes to people receiving benefits has fallen by three times since…

…explicitly state that employment taxes levied on businesses drive down employee wages. For example, federal law requires employers to pay half of the Social Security and Medicare payroll taxes due…

…those taxes to pay benefits to current recipients. Thus, they are called “pay-as-you-go” programs. In stark contrast, the U.S. Bureau of Economic Analysis states that “federal law requires that private…

…Security and Medicare. This is because — contrary to popular belief — these programs don’t save workers’ taxes for their retirements. Instead, they immediately spend the vast majority of those…

…inevitably produce lower tax revenues. In her words: “One thing that happens when you cut taxes is that taxes get cut!” That claim may seem intuitive, but it is not…

…$7,700 for every household in the United States. Those costs will not be equally borne because some households pay far more taxes than others. However, even people who don’t pay…

…into Clinton’s claim and reported: “While there is no official figure, experts estimate that about half of all undocumented workers pay federal income taxes, if not more.” In reality, the…

…out of local property taxes.” Clare Lombardo of National Public Radio (NPR) reported in 2019 that “high-poverty districts serving mostly students of color receive about $1,600 less per student than…

…rather than to the President.” Issuing debt is one of the ways government raises revenues, and the President can’t do that by himself, just as he can’t impose taxes by…

…and increased tax receipts decrease the national debt. As a portion of GDP, federal taxes and spending rose steeply between 1930 and World War II. Since then, taxes have risen…

…Medicare, because the government primarily funds the current expenses of these programs with taxes from workers who don’t receive benefits until they become senior citizens. Hence, Social Security and Medicare…

…with Social Security and Medicare, because the government mainly funds the current expenses of these programs with taxes from younger workers who don’t receive benefits until they become senior citizens….

…for operations and maintenance. Tax & Debt Implications Instead of increasing per student funding for public schools, the money saved through school choice could be used to reduce taxes or…

…“ill-informed obsession” with it. Krugman concedes that government debt isn’t totally “harmless,” but the only harmful scenario he raises is that “taxes must be levied to pay the interest,” and…

…like solar. In conjunction with their efforts to advance solar, federal and state governments have taken steps to reduce the use of fossil fuels through taxes and regulations. They also…

…These trends are even more vivid when subtracting out federal taxes in order to estimate take-home income: Unlike the source cited by Trump and the media, CBO accounts for nearly…

…decline in family cohesiveness. Additionally, the Gini index does not capture all income and taxes, and if it did, it would likely show lower levels of inequality over the past…

…2018 ultimately came from American households. Although high-income households bear a greater share of these costs than others, middle-income workers lose about 15.3% of their paychecks to social insurance taxes….

…“current policy” projections of publicly held debt (a partial measure of the national debt). When CBO includes the economic effects of taxes, government spending, and debt, these projections show that…

…life (see calculations below). This price data must be balanced with the reality that energy-efficient bulbs often have hidden costs that we pay through our taxes, because they are subsidized…

…36.4% of all public school revenues come from local property taxes. Sanders’ statement was true more than half a century ago, but since then, state governments have paid a growing…

…on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. In keeping with this practical reality,…

…“current policy,” which don’t include the unrealistic assumptions inherent in the claims of Lauter, Hiltzik, Krugman, and Obama. When CBO accounts for the economic effects of taxes, government spending and…

…taxes declined from $69,800 to $69,200: Between 2009 and 2015, real household cash income (which excludes “certain money receipts such as capital gains” and “the value of noncash benefits” like…

…greatly reduced prices. In contrast, most U.S. households earn their healthcare, housing, food, childcare, phone service, and such for themselves, while also paying taxes that fund these items for others….

…back taxes and penalties. Far from being a prosecutorial victory, the oligarch praised these outcomes and stated that they would allow his corporation to increase production and “attract international companies…

…making work less attractive.” allowing “some people to maintain the same standard of living while working less.” increasing taxes, which “will ultimately induce some workers to supply less labor.” Some…

…some mandatory spending. Also, under current policy, federal taxes actually rise to 5% above Reagan-era levels. During Ronald Reagan’s presidency (1981-1989), federal receipts averaged 18.2% of our nation’s gross domestic…

…bragged, “Well, son of a bitch, he got fired.” The replacement prosecutor—who Biden called “solid”—then agreed to drop all criminal charges against the oligarch if he paid back taxes and…

…That is a basic ethical and moral flaw in this whole argument, that everything’s got to have financial payback so we can reduce taxes for the Koch brothers. … Public…

…the amount of illegal immigration. income taxes paid by illegal immigrants. tax rates paid by the wealthy. the Covid-19 death rate. Biden’s abortion policies. the federal “assault weapons” ban. child…

…Biden then boasted, “Well, son of a bitch, he got fired.” The replacement prosecutor—who Biden called “solid”—agreed to drop all criminal charges against the oligarch if he paid back taxes…

…that may bring financial harm to younger Americans. Additional reading: Raising payroll taxes to save Social Security will cost the average worker $73,000 Trust Fund Assets Consist of Federal Debt…

…like “greenhouse gas”? Only those who simply echo what they hear or those wantonly pushing global warming-related taxes, regulations or similar polices would use such verbiage. In sum, those who…

…extended unemployment benefits, capping student loan payments, and raising taxes on the wealthy. Most of these policies were enacted during Obama’s first two years in office when he enjoyed the…

…from 1979 to 2013. After federal taxes, income increased by about $19,700 or 40% over the same period. Falsehood # 4: Police are more likely to use unnecessary lethal force…

…for him paying back taxes and penalties. This led the owner to praise the deal, saying that it would allow his company to increase “production” and “attract international companies to…

…oligarch. The prosecutor then applauded these actions as a “success” because the oligarch paid $7.46 million in back taxes and penalties as part of the settlement. Far from being a…

…all income levels are paying a smaller portion of their income in federal taxes than they have on average for the past 31 years (graph below). More specifically, in 2009,…