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UT Arlington
ECON 2305 -
More Taxes
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ECON 2305 1st Edition Lecture25Outline of Last Lecture I. Tax System Outline of Current LectureI. More Taxes Current LectureMedicare 1965 – LBJ program 1.45% - matched by employer All employment income taxNo ceiling Cooperate Income Tax Progressive ComplexTool of fiscal policyRates (15% to 35%)Who pays it?StateIncome (most states)SalesExciseBoth are regressive LocalSales Income Property RealBuilding/LandPersonal 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
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