ECON 2305 1st Edition Lecture 25 Outline of Last Lecture I Tax System Outline of Current Lecture I More Taxes Current Lecture Medicare 1965 LBJ program 1 45 matched by employer All employment income tax No ceiling Cooperate Income Tax Progressive Complex Tool of fiscal policy Rates 15 to 35 Who pays it State Income most states Sales Excise Both are regressive Local Sales Income Property Real Building Land Personal These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Equipment F F
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