https://padlet.com/nkazinec/typesoftaxesinamerica TYPES OF TAXES en-us 2019-05-14 11:54:59 UTC 2023-03-04 17:18:13 UTC hello@padlet.com nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849282 Taxes made on the money spent by people. The prime example of these are sales taxes which are used to raise revenue. Another example are excise taxes where only certain goods are taxed (like gasoline) ]]> 2019-05-14 11:59:27 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849282 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849323 Progressive taxes are higher for people with more money. The most rich people pay more of this tax than average or poorer people. This is why wealthy people have more taxes/pay more than middle or lower class Americans.]]> 2019-05-14 11:59:37 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849323 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849380 This is a tax that could be either a flat tax or could be less for the wealthy. This is called regressive because lower class individuals feel more pressure from the tax price than the higher class individuals. The prices vary based on the individuals income.]]> 2019-05-14 11:59:49 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849380 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849431 The same as a flat tax. All taxpayers receive the same proportion of the payment they have to make. This is commonly a state-level tax not a federal-level.]]> 2019-05-14 11:59:59 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849431 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849924 Taxes paid on homes, land or commercial real estate. This tax is looked at carefully when buying a home. This tax must be payed every year the person is living in the home.]]> 2019-05-14 12:01:25 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849924 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849979 This tax is taken when an investment is sold. This is a tax only for people who invest in stocks, so most Americans don't have to pay it. This can also be taxes on dividends and interests stemming from simple interest from a bank account or dividends and earnings from investments.

]]> 2019-05-14 12:01:33 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359849979 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850030 This is a tax off of someones death. Estate tax is based on someones net worth and having the ability to pass things onto their heirs. Federal has estate taxes but not inheritance taxes. States can choose whether or not to have an inheritance tax. Inheritance taxes are paid by the heir to have the ability to take things from their loved ones.]]> 2019-05-14 12:01:46 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850030 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850071 These taxes cover payments to Medicare, Social Security, disability and survivor benefits and unemployment.  This could also include federal or state and local income taxes. There are also 401k payments taken out of paychecks as well.]]> 2019-05-14 12:01:55 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850071 nkazinec https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850105 Tax on income. Federal income taxes are progressive and marginal. This varies between earning rates (people who make more pay more etc.) but they only on the money they have in their top bracket. ]]> 2019-05-14 12:02:04 UTC https://padlet.com/nkazinec/typesoftaxesinamerica/wish/359850105