All About That Base

Taxes are more than just federal income tax. In this episode, we look at state income taxes, payroll taxes, sales taxes, property taxes, excise taxes, and more through one simple idea: every tax has a base and a rate. We’ll compare what each tax applies to, why governments choose different tax bases, and how a broader tax base can sometimes support lower tax rates. Because when it comes to taxes, the rate is only half the story.