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Governments utilize different types of taxes as part of their revenue systems to balance their budgets. Define and describe the major types of taxes currently used by Federal, state, local, and municipal governments in the United States. How are they alike and how they are different? Please be specific as you can in your answer. Question \#2 In July of 1954, then United States Senator Lyndon B. Johnson (DTexas) and later Vice President and President, introduced legislation in Congress to amend Section 501 (c) (3) of the United States tax code to prohibit certain types of activities of not-for-profit organizations. This change in the law, referred to as the "Johnson Amendment," is important for not-for-profit organizations to maintain their tax-exempt status - that is to say, they do not have to pay certain types of taxes to the government. What did the Johnson Amendment specifically prohibit? In your opinion, should not-for-profit organizations have taxexempt status? Why or why not? Question \#3 When a company buys health insurance coverage for its employees, the cost of health insurance that the company purchases is tax-deductible to the company. However, when an individual purchases coverage for himself/herself, it is not tax deductible under Federal law. Do you believe this is a fair public policy? Why or why not? Be as specific as you can