Financing Child Care in the United States - Ewing Marion Kauffman ...
Financing Child Care in the United States - Ewing Marion Kauffman ...
Financing Child Care in the United States - Ewing Marion Kauffman ...
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WHAT YOU OWN<br />
Property taxes on real estate<br />
Personal property taxes<br />
Motor vehicle taxes<br />
WHAT YOU SPEND<br />
Sales taxes on purchases of goods<br />
and services<br />
Excise taxes on specific goods<br />
(e.g., cigarettes, liquor, fuel) and<br />
services (e.g., hotel stays, taxi rides)<br />
WHAT YOU EARN<br />
Income taxes<br />
(i.e. personal and corporate)<br />
Capital ga<strong>in</strong>s taxes<br />
Property taxes<br />
<strong>the</strong> major source of local revenue —<br />
over half goes to public schools<br />
Sales taxes<br />
Most states with sales taxes permit<br />
localities to levy additional sales<br />
taxes<br />
Real estate transfer taxes<br />
Income taxes<br />
17 states permit localities to tax<br />
personal and corporate <strong>in</strong>come<br />
Capital ga<strong>in</strong>s tax<br />
Personal property taxes<br />
Motor vehicle taxes<br />
Sales taxes (45 states)<br />
<strong>the</strong> major source of revenue<br />
for states<br />
Excise taxes<br />
Real estate transfer taxes<br />
Income taxes (41 states)<br />
<strong>in</strong>dividual taxes are <strong>the</strong><br />
second-largest source of<br />
revenue for states<br />
Capital ga<strong>in</strong>s tax<br />
No national property tax<br />
No national sales tax<br />
Excise taxes<br />
(e.g., fuel, air travel, tobacco, alcohol,<br />
luxury items, telecommunications)<br />
Personal <strong>in</strong>come taxes<br />
<strong>the</strong> major source of federal revenue<br />
Corporate <strong>in</strong>come taxes<br />
Capital ga<strong>in</strong>s taxes<br />
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