Posts tagged money
“It’s also important to note that income tax is just one of several federal taxes.
The payroll tax, which funds Medicare and Social Security, is another big source of revenue for the government. And most households that don’t pay income tax do pay payroll tax.”
Mitt Romney’s comments regarding the 47 percent of Americans who pay no income tax is getting lots of attention today. Our colleague Mark Memmott explains the context.
Here’s a closer look at the numbers.
The Bank of Canada this week unveiled its new polymer banknotes. Plastic money is nothing new -– several countries use it (the Australians were the first, in 1988). But these notes are a bit different. The bank’s scientific advisor, Martine Warren, told Discovery News they were designed to be secure well into the future, even taking into account the evolution of counterfeiting technology.