Taxes

taxes

Amount of money citizens and businesses are required to pay so that the government can function and provide services

sales tax

the tax you pay when you buy something
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excise tax

hidden tax on products like alcohol and tobacco
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income tax

tax you pay on money you receive from various sources
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Social security

federal programs that provide benefits for retirees, the disabled, and children of deceased workers
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medicare

the federal government's health care system for people age 65 and over
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property tax

is a tax assessed on real estate
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estate tax

a tax levied on the net value of the estate of a deceased person before distribution to the heirs
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tariff

a tax or duty to be paid on a particular class of imports or exports
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