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Extra PointJanuary 2008by Jack Tenney, PublisherTaxing SituationPoliticians make lots of references to taxes. Some claim to be opposed to raising them; others are determined to make them fairer; abolish this one; sunset that one; simplify them; flatten them; make them more progressive; less regressive; and the list goes on. One seldom sees a list of all the taxes that might be considered when trying to come to some position on taxes. Here’s my try. Individual income tax Corporate income tax Sales tax Use tax Real estate tax FICA withholding tax Medicare withholding tax Unemployment tax Luxury tax Cigarette tax Alcohol tax Gasoline tax Local communications services tax State communications services tax Federal excise tax Capital gains tax Rooms and meals tax School tax Estate tax Gift tax Self employment tax Surtax Town tax County tax Property transfer tax Foreign tax Holding company tax Alternative minimum tax Wait a minute. I don’t think we have a luxury tax anymore; or — depending on your age — yet. |
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