The Basics of Tax Policy

We are joined by Dr. Larry Walters--PhD in public policy and management--to discuss tax policy. What are the various types of taxes governments use? Why do governments use multiple types of taxes instead of just one? How is the electric grid in Texas run? Are all/any taxes tied to specific government projects? What's a flat tax? How do the wealthy avoid paying taxes so often? Do Tim's taxes cover most of the federal budget? How do taxes affect corporations differently than individuals? What limits are there on a government's ability to tax? Do countries/states that tax less just offer less government services? Are there specific states where you pay less in taxes?