Taxes

Taxes

Compulsory contributions levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, and various fees by federal, state, and local government.

Progressive Taxation

Proponents of progressive taxation believe that high-income earners should pay higher rates than low-income earners to ensure buy-in to social goods and services. They also argue that targeted taxes in areas like capital gains and estates can fill gaps in government funding.

Fiscal Conservatism

Proponents of fiscal conservatism advocate for low taxes, reduced government spending and minimal government debt. They believe in cutting taxes when possible and prudent to do so, raising them overall only when necessary to balance the budget, and only in combination with spending cuts.