Informed Citizen Project
Handout
Taxes: a sum of money demanded by a government for its support or for specific facilities or services, levied/collected upon incomes, property, sales, etc.
Kinds of Taxes: What our taxes pay for:
Sales Tax - Tax on Purchases. Military/Defense
Income Taxes - Tax on Income. Education
Inheritance Taxes - Tax on Inherited money. Healthcare
Capital Gains Tax - Taxes on Profit from selling bonds Social Services
or real estate (property).
Democratic Party: Platform
- Progressive taxation; taxes based on income.
- Cut taxes for every working family, but not millionaires or richest 1%
- Cut taxes for middle class, not the wealthy
- Balanced Taxes; taxes not based on income.
- Cut taxes to stimulate economy and help familiesTax cuts & low interest rates lead to home ownership.
- Repeal death tax (inheritance tax) & give tax break to care for elderly.
Constitutional Party:
Green Party: Platform
Solutions (Green Party):
- Believe the federal income tax is unconstitutional.
- Opposes the Internal Revenue Service; the division of the U.S. Department of the Treasury that collects internal revenue, including income taxes and excise taxes, and that enforces revenue laws.
- Opposes taxes including flat-rate tax (equal tax percentage for every income), national sales taxes, federal income tax, payroll taxes, and estate taxes.
Green Party: Platform
- Progressive taxation; Taxation based on income.
- Rich class pay a higher percentage of their income, middle/low class pay lower percentage.
- No more loopholes for corporations and rich.
- Stop spending the majority of tax money on wars weaponry and militarism.
- No favoring corporations and wealthy interests over tax justice.
Solutions (Green Party):
- Cut taxes for wage workers
- Fair taxes for corporations and the wealthy