Future Hindsight
Social Contract and Taxes: Sarah Christopherson
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:33:58
- More information
Informações:
Synopsis
Tax Policy is Where It Starts What do our tax dollars really go towards? The truth is, so much of it is invisible. Tax dollars go towards helping homeowners through mortgage deductions or keeping prices low on your water bill. The money we spend on taxes has the power to shape our social contract, but it’s not always spent correctly. By focusing on tax policy first, we can control which programs and policies are funded and which are not. In this way, taxes are at the root of social change. Tax Fairness The topic of tax fairness is shrouded in the myth that America’s tax system is progressive. We tend to only talk about federal income taxes, which do in fact increase as you make more income. But we fail to recognize the unfairness of other taxes, like property and sales tax. For example, middle class families pay the same sales tax as the ultra-wealthy, and even renters end up paying property taxes at a rate equivalent to billionaires. When you look at the full scope of the tax burden, it really falls most hea