2.02 I can understand taxes
Ashlyn Austin
Income Tax
Define Income Tax: is a tax on earned and unearned income.
Why are they collected?: Helps fund operations of federal government, goes to education, and state highways.
http://anderscpa.com/wp-content/uploads/2013/03/Income-Tax-Highway-Sign-Image-960x645.jpg
Payroll Tax
Whats the point?: Helps pay for those who have retired and helps pay for health care for senior citizens age 62 above.
http://dontmesswithtaxes.typepad.com/.a/6a00d8345157c669e201bb079b09d1970d-pi
Property Tax
Why collected?: Helps fund schools, and local governments
http://newznew.com/wp-content/uploads/2015/08/Property-Tax.jpg
Sales Tax
whys it collected?: Expenses of state and local governments.
http://www.brimg.net/images/word-sales-tax-on-a-calculator_573x300.jpg
Excise Tax
Why collected?: expenses of state and local governments as well.
http://blogsdir.cms.rrcdn.com/12/files/2013/02/shutterstock_94126492.jpg