Taxes

Taylor Marcello

Sales Tax

A sales tax is a tax whenever you buy something. Just about everything you buy has a sales tax.
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Excise Tax

A tax that the only applies to certain products such as gas
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Income Tax

A tax you pay on money you receive from various sources
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Corporate Income Tax

A tax on a corporation that the higher your profit is, the more expensive this tax will be
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Social security tax

This tax takes a percentage of your earnings and puts them into the social security system
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Tariff

A tax used on imports into the country. Used to make companies compete with other companies outside the country.
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