 Social Security  Medicare  Paid for by separate taxes  Meant to provide a minimum decent standard of living for all retired and elderly Americans.

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Presentation transcript:

 Social Security  Medicare  Paid for by separate taxes  Meant to provide a minimum decent standard of living for all retired and elderly Americans  The social “safety net”

0/02/01/us/budget.html

 RAISE REVENUE FOR THE GOVERNMENT  INFLUENCE OUR BEHAVIOR

 “Sin taxes” on cigarettes and alcohol  Tax credits for historic buildings makes the cost of restoring them authentically equivalent to altering or destroying them.

 Progressive vs. Regressive  Withholding  Deductions vs. Credits

 Tariffs and excises  Sales taxes  Luxury taxes  “Sin” taxes  Surtax  Estate tax or “death tax”  Fuel tax  Estimated tax  Capital gains tax

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