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Q: What misconceptions did your peers have about taxes Give at least one example?
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Inheritance taxes and excise taxes on luxury goods are example of what type of taxes?

Progressive


Which bankruptcy removes federal taxes?

Federal income tax can sometimes be discharged in a bankruptcy, but there are several rules that apply. Only one example is, federal taxes must be at least three years in arrears before qualifying for bankruptcy discharge.


Which of these could be an example of a money payment made to households by government?

taxes


Do Hutterite colonies pay federal income tax?

Yes. In "American Colony: Meet the Hutterites" episode "We are not a cult" - members of the Kings Colony Kings Ranch Colony mentioned that one of the biggest misconceptions was that they do not pay taxes - and they do pay taxes.


Why are taxes important to us?

taxes pay for all the public services such as education for an example.


What is one example of an automatic stabilizer?

taxes


What state has the least amount of taxes to pay?

I believe Alaska


Sales tax is an example of?

Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.


What did Barack Obama do with taxes?

As president, studies show that he cut taxes for middle-class families on at least two occasions.


Are federal taxes deductible on state taxes?

It depends on the state. For example in California the answer is no yet in Iowa the answer is yes.


Which is not an example of macroeconomics?

cutting state income taxes


Are Taxes an example of a concurrent power?

True