The reduction of the federal income tax has had a "spill-over" effect reducing other taxes: namely social security taxes and the entire array of state and local taxes.

Question

Quizplus · Accepted Answer

The reduction of federal income tax does not necessarily lead to a reduction of other taxes such as social security taxes and state/local taxes. These taxes are typically set and determined by separate legislation and jurisdictions.

The Reduction of the Federal Income Tax Has Had a "Spill-Over