April 15th is just around the corner and that means time to pay your Federal Income Taxes to the IRS, which is one of the most loathed agencies in the federal government. Currently, we pay many forms of taxes, such as property taxes, FICA, sales tax and sin taxes. The economic effects of taxation plays a major role in our economy and ultimately determines economic growth of a nation. Also, depending on where you live, will determine your Tax Freedom Day, This means Americans will work about four and a half months of the year, from January 1 to April 17, before they have earned enough money to pay this year’s tax obligations at the federal, state and local levels. Furthermore, look at other forms of proposed taxation, such as the Fat Tax, and Soft Drink Tax. Moreover, lookup tax data and examine who pays the greatest and least amount of taxes.
For the research, find an article, video, website, online news, etc., from reputable sources, that relates to the topic questions and economics. Your discussion content should address the economics importance/significance/ impact of the topic and summarize your research findings. Provide the title, date, source, and website link below the body of your posting.