![]() It’s important to remember that every dollar you pay in taxes starts as a dollar earned as income. Most taxes can be divided into three buckets: taxes on what you earn, taxes on what you buy, and taxes on what you own. Develop a basic understanding of how these taxes fit together, how they impact government revenues and the economy, and where you may encounter them in your daily life. ![]() Learn about 12 specific taxes, four within each main category- earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes and own: property taxes, tangible personal property taxes, estate and inheritance taxes, and wealth taxes.Discover the three basic tax types-taxes on what you earn, taxes on what you buy, and taxes on what you own.
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