2.02 I can understand types of taxs
By: Ashley Lusk
A tax on earned and unearned income. The Income tax is divided into federal income tax and state income tax. This tax can pay for operations of the federal government and state highways, and state government.
A tax on property, such as land, buildings (including homes), and automobiles. This tax pays for schools, and expenses of state and local government. This tax is paid by property owners.
A tax on purchased goods and services. This tax pays for expenses of state and local governments. This tax is paid by anyone who can purchases an item charged with sales tax. The more you buy the more you have to pay.