Types of Taxes Explained

Money an employer withholds from an employee's earnings.

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

A tax based on an employee's wages. It is paid by the employee.

• Income Tax

• Sales Tax

• Property Tax

• Capital Gains Tax

Money paid to a city, town, or state government or to the U.S. government (called federal _________ tx)

• Income Tax

• Sales Tax

• Property Tax

• Capital Gains Tax

Money added to the cost of items or services.

• Sales Tax

• Income Tax

• Property Tax

• Value Added Tax

A tax collected by a company based on sales of products or services.

• Sales Tax

• Income Tax

• Property Tax

• Value Added Tax

A portion of the value of items that is paid to a city or state government. Property tax can be charged on things such as cars, houses, boats, or land.

• Property Tax

• Sales Tax

• Income Tax

• Capital Gains Tax

A tax paid on buildings or land by the owner.

• Property Tax

• Income Tax

• Sales Tax

• Capital Gains Tax

A tax based on purchased goods and services.

• Income Tax

• Property Tax

• Sales Tax

• Capital Gains Tax

A tax based on an employee's wages. It is paid at least partially by the employer.

• Income Tax

• Sales Tax

• Payroll Tax

• Property Tax