Types of Taxes by Nathaniel Nguyen https://padlet.com/nnguyen13/ktode1nqzlf3 Made with a dash of salt en-us 2019-05-14 11:56:41 UTC 2019-05-14 12:20:59 UTC hello@padlet.com Consumption Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359849174 Any form of taxation by the government that taxes what the consumer buys such as "sales tax" or specific taxes on products such as gasoline.]]> 2019-05-14 11:59:09 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359849174 Progressive Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359850273 The excess tax that people with larger accumulations of wealth in comparison to those with a lesser accumulation.]]> 2019-05-14 12:02:34 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359850273 Regressive Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359850835 A tax situation where the wealthy pay equal or less than equal of a percent of tax compared to the poor.]]> 2019-05-14 12:04:19 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359850835 Proportional Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359851181 A type of regressive tax that proposes all income levels pay the same proportion of taxes.]]> 2019-05-14 12:05:17 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359851181 VAT Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359851731 A tax on the increased price that a seller values a product at. Unlike sales tax it applies everywhere within the products life time while sales tax only occurs with the consumers.]]> 2019-05-14 12:06:58 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359851731 Property Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852071 Government Tax on any owned land real estate.]]> 2019-05-14 12:08:06 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852071 Capital gain Taxes nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852443 Taxes on earnings from investments which normally does not apply to the standard american.]]> 2019-05-14 12:09:10 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852443 Inheritance/Estate Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852633 An estate tax is a tax paid by the deceased for the right to pass down your property. In certain states there is also an Inheritance tax that is a tax paid by the receiver for the ability to inherit the property.]]> 2019-05-14 12:09:49 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359852633 Payroll Tax nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359854404 An automatic payment taken out of your paycheck in order to accommodate for the charitable efforts of the government as well as your own 401k.]]> 2019-05-14 12:14:49 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359854404 Income Taxes nnguyen13 https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359855111 An exponential increase in taxation depending on how much money you make. First X amount at a 10% the next X amount at 12% and so on and so forth.

]]> 2019-05-14 12:16:48 UTC https://padlet.com/nnguyen13/ktode1nqzlf3/wish/359855111