Video: Katie Morley explains the concept and breaks down exactly where your taxes are going Related posts: S&p 500 up 0.91 Points, or 0.04 Percent, at 2,089.78 After Market Open French judge issues arrest warrant for Ivory Coast parliament speaker Freedom of speech reaches ‘new low’ in junta-ruled Thailand GBP/USD briefly drops below 1.4900 Post navigation More flooding in Texas after storms, death toll hits 23 Some Good Tips to Avoid Food Poisoning