v160taxes - SecuritiesandExchangeCommission(SEC)

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Securities and Exchange Commission (SEC) 1946 – Council of Economic Advisers created in the white house 1960’s- became heavily Keysian (Kennedy) Social securtiry extremely popular Really Keynesian- Medicare and Medicate Great society programs  Different from New Deal Govt spending was lifting people out of poverty Medicare- ppl over 65 benefit  (lasted) like social security when you work and pay the system  Other parts didn’t last Taxes necessary to keep govt going 1 st  income tax- tried before with civil war before then got taxes from importing then tariffs and malaises were easier to  collect in revenue streams Couldn’t tax job because not organized enough to manage ppl filing Federal, state, and local govts obtain revenue to finance programs from taxing  three basic sources: 1) income 2) consumption 3) wealth largest single source of revenue is personal income tax
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This document was uploaded on 10/27/2011 for the course SPEA-V 160 at Indiana.

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v160taxes - SecuritiesandExchangeCommission(SEC)

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