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Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Following the 2017 tax reform, the federal statutory corporate tax rate in the United States is now more in line with many other OECD countries.
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
Life expectancy at birth in the United States is lower than in other developed countries, despite higher healthcare costs.
Although the United States spends more on healthcare than other developed countries, its health outcomes are generally no better.
United States per capita healthcare spending is nearly three times the average of other developed countries.
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
Estate and gift taxes are levied on the transfer of assets. Two areas of the tax code that are relatively small in dollar terms, but can generate a significant amount of attention and even controversy in the broader conversation about wealth.