Taxes
Taylor Marcello
Sales Tax
A sales tax is a tax whenever you buy something. Just about everything you buy has a sales tax.
Excise Tax
A tax that the only applies to certain products such as gas
Income Tax
A tax you pay on money you receive from various sources
Corporate Income Tax
A tax on a corporation that the higher your profit is, the more expensive this tax will be
Social security tax
This tax takes a percentage of your earnings and puts them into the social security system
Tariff
A tax used on imports into the country. Used to make companies compete with other companies outside the country.