![]() One of the main differences among the tax types outlined below is the point of collection-in other words, when you pay the tax.įor example, if you earn $1,000 in a state with a flat income tax rate of 10%, $100 in income taxes should be withheld from your paycheck when you earn that income. ![]() It’s important to remember that every dollar you pay in taxes starts as a dollar earned as income. Most taxes can be divided into three buckets: taxes on what you earn, taxes on what you buy, and taxes on what you own. ![]() Develop a basic understanding of how these taxes fit together, how they impact government revenues and the economy, and where you may encounter them in your daily life.Learn about 12 specific taxes, four within each main category- earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes and own: property taxes, tangible personal property taxes, estate and inheritance taxes, and wealth taxes.Discover the three basic tax types-taxes on what you earn, taxes on what you buy, and taxes on what you own.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |