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Bill Walker
Bill WalkerIndependent, AKCurrent Position:Governorsince January 01, 2014
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Political Communities

Community: Taxation

Do you pay too much in taxes? Are your tax dollars used wisely? How do you feel about a border tax? This page covers items relating to tax rates, tax policy, and other taxation issues, including our daily poll and debate questions.

Facts & Stats
15 Fortune 500 companies avoided paying taxes on $23 billion in profits in 2014. The list includes CBS, General Electric, Interpublic Group, JetBlue Airways, Mattel, Owens Corning, PG&E, Pepco Holdings, Priceline.com, Prudential Financial, Qualcomm, RyderAccording to the Wall Street Journal, the top 20% of taxpayers paid 84% of the total income taxes paid in the U.S. in 2014.Federal Revenues And Spending, in trillions 2011 2012 2013 2014 2015 Revenues 2,303.5 2,450.0 2,775.1 3,021.5 3,249.9 Spending 3,603.1 3,537.0 3,454.7 3,506.1 3,688.3 http://www.usgovernmentspending.comThe IRS (Internal Revenue System) is responsible for enforcing the Internal Revenue Code for tax laws and for deciding on, evaluating, and collecting taxes. The IRS can charge individuals with civil penalties for violations of tax law.The IRS was established in 1913.A "flat tax" is an income tax system in which everyone pays the same tax rate regardless of their income. A flat tax typically applies the same tax rate to all taxpayers, with no deductions or exemptions allowed.A progressive tax is a tax in which the tax rate increases as the taxable amount increases. Essentially, a progressive tax takes a larger percentage of income from high-income groups than from low-income groups and is based on the concept of ability to paA regressive tax is generally a tax that is applied uniformly, taxing citizens regardless of income level. Though regressive taxes are not used as income taxes, they are used as taxes on tobacco, alcohol, gasoline, jewelry, perfume, and travel. They are c
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Tax rates, tax policy, border taxes