Blog post 1

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

Do we need federal income tax? Income Tax by definition is tax levied by a government directly on income, especially an annual tax on personal income. According to the Congressional Budget Office, individual income taxes are the federal government’s top source of revenue. In 2008, for example, individuals paid about $1.15 trillion in income taxes, amounting … Continue reading "Blog post 1"