1. Which type of tax includes revenue for Medicare, social security, and unemployment? 2. List three states that do not utilize a general sales tax. 3. Aside from government income... 1. Which type of tax includes revenue for Medicare, social security, and unemployment? 2. List three states that do not utilize a general sales tax. 3. Aside from government income from luxury goods, what is the purpose of a Sin tax? 4. What is an example of a product that has a sin tax imposed upon it? 5. Which tax is used to fund the Federal Aviation Administration (FAA)? 6. Do you currently pay taxes in any of these categories? 7. Critical Thinking: Briefly explain in your own words what leads to individuals paying varying amounts of taxes in the United States.
Understand the Problem
The questions pertain to various aspects of taxation in the United States, including types of taxes, states' tax policies, purposes of specific taxes, and personal reflections on tax payments.
Answer
1. Payroll taxes. 2. Alaska, Delaware, Oregon. 3. To discourage harmful consumption. 4. Tobacco. 5. Excise taxes on airline tickets.
- Payroll taxes. 2. Alaska, Delaware, Oregon. 3. To discourage consumption of harmful goods. 4. Tobacco. 5. Excise taxes on airline tickets. 6. Personal response. 7. Differences in income, deductions, and state taxes.
Answer for screen readers
- Payroll taxes. 2. Alaska, Delaware, Oregon. 3. To discourage consumption of harmful goods. 4. Tobacco. 5. Excise taxes on airline tickets. 6. Personal response. 7. Differences in income, deductions, and state taxes.
More Information
Payroll taxes are used to fund Medicare and Social Security. Sin taxes aim to reduce consumption of harmful goods, like tobacco. Excise taxes help fund aviation. States have varying tax laws affecting total tax burden.
Tips
Some may confuse state sales tax policies with those related to income tax.
Sources
- The Three Basic Tax Types | TaxEDU Resources - taxfoundation.org
- Federal Excise Taxes: Background and General Analysis - everycrsreport.com
- Chapter 9: Sources of Government Revenue - Berkley Schools - berkleyschools.org
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