### process | response | taxis:

Death taxis
* Death Taxes penalize work and saving and encourages large-scale consumption by the very rich.
* Death taxes cost taxpayers time as well as money
  - penalize families, punish thrift and discourage entrepreneurship

Direct taxis
* Direct Taxes are taxes on people and property.
* Direct taxes are payable only if there are net profits
  - upon persons or their property, and are subject to apportionment

Estate taxis
* Estate taxes affect the transfer of small businesses and family farms to surviving family.
* Estate taxes are quite similar to corporate taxes
  - taxes on property or money that is inherited
  - the most onerous of federal taxes
  - can mean the loss of treasured family assets
  - have a negative impact on the economy
  - play an important role in the U.S. tax system

Federal taxis
* Federal taxes account for about two-thirds of the total taxes paid by farm sole proprietors
  - apply to all income regardless of residency
* Federal taxes are a family issue in many ways
  - based on money income and are progressive, i.e. , the tax rate rises with income

High taxis
* High taxes are a crime against people, both rich and poor
  - disincentive to economic growth
  - taxes on jobs
  - encourage people to quit or never to start smoking
  - force families to work harder each year to fuel a growing government
  - limit parents' freedom and ability to address the needs of their families
* High taxes reduce the incentive to work, save and invest
  - return to owners of capital and labor

Payroll taxis
* Payroll taxes are a far greater burden on the poor than on the rich
  - inflationary because they increase the costs of production
* Payroll taxes are the biggest burden for workers
  - first to slip when a company has cash flow problems
  - primary source of financing for railroad retirement benefits
  - penalize work much more than income taxes

### process | response | taxis:

Property taxis
* Property taxes account for more than three-fourths of the revenue raised through taxes on wealth.
* Property taxes are a budget driven tax
  - leading source of local revenues
  - lien on the property
  - major source of revenue to local governments
  - ad valorem taxes
* Property taxes are also common for most homeowners
  - legal deductibles from a homeowner's income tax
  - an inappropriate financing source for social programs
  - deductible from income for tax itemizers
  - easily the most destructive, regressive, and complicated form of taxation
  - generally ad valorem taxes
  - highest in the Midwest
  - levies on the value of real estate
  - local taxes
  - more appropriate for maintaining local governments
  - tax deductible
* Property taxes are the engine that largely underwrites government at the local level
  - largest source of tax revenue for cities, counties, and special districts
  - one funding source over which local schools have direct control
  - primary source of revenue for local governments in Indiana
  - principal source of public school funds
  - are, by and large, a local tax
  - depend on the type of property and start at one percent of the assessed value
  - do affect low income and older people
  - impact housing affordability
  - pay for essential services and are a tax deduction
  - provide much of the revenue used to fund local and state governments
  - vary widely across the United States