One issue that most lawmakers and voters agree on is that our tax system needs reform. It is confusing, complex, and favors some individuals and economic activities over others. Exactly how to revise the tax system, however, can be a hotly contested issue — which is further complicated by the fact that there are common misconceptions about how the current system works.
Before we can begin to assess the value of specific proposals, it helps to get the big picture on how the system works. Check out the infographic below for an overview of the system, and then test how much you have learned with our tax quiz.
Want to share this image on your site? Copy and paste the embed code below:
Feel free to share this infographic on Twitter.Tweet: Individual income #taxes account for almost half of the federal government's revenue https://ctt.ec/MZbnf+ via @pgpfoundation #TaxReform