CBO's estimates of average federal tax rates (tax rates as a percentage of income) paid by households in various income categories for the four largest sources of federal revenues--individual income taxes, social insurance (payroll) taxes, corporate income taxes, and excise taxes--as well as the average rate for the four taxes combined.

Newsflash with Supply and Demand!  A new study by the American Journal of Public Health claims that when the price of soda goes up, the consumption of soda goes down.  Is this a joke? Did the American Journal of Public Health actually spend time (and presumably money) to figure out the the law of Supply and Demand actually works on soda?  I am afraid this is no joke.

A tax on soda.  Is this acceptable or not?  Surely it's another way for the government to create revenue, but why soda?  Clearly this is a "sin" tax.  A tax to try and discourage the consumption of soda.  However, who is the government to nanny our consumption of food.  If you ask me, it's none of their business.  Many questions emerge from this tax.  Will this be a slippery slope? Where it starts off at a soda tax, but leads down the path towards more taxes which try to create negative incentives?  Let us know your thoughts in the comments!  Supplemental articles attached. 

Ever wondered where you rank in the world in regards to wealth?  Use the Global Rich List tool to find out how you stack up against the rest of the world.  Just enter your annual income in US Dollars, Pounds, Euros, Candian Dollars, or Yens.