answersLogoWhite

0


Best Answer

There are alot of types of taxes, and you can find alot of them at below site

But, I'll tell and explain some of the most important ones.

Income Tax- The money that comes out of your paycheck and the USA uses a Progressive Income Tax model which has different payments for each income bracket. The higher income pays more than a lower one. Other options include the Flat Tax which is taxing incomes at one single rate like 10% and does not increase or decrease due to income

Fair Tax- Removing the income tax and replacing it with a broad sales tax.(I did not make the name)

Sales Tax- A tax levied on goods and services. Is larger for specific products like cigarettes.

There's also some other ones like VAT and Tariffs that you can look up.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

Regardless of their names, there are 3 categories of taxes.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How many kinds of taxes are there?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are there any truly free software for taxes programs out there?

You can use easytax.com they offer all kinds of help for you taxes. They give you excellent advice on how to pay or get your taxes a soon as possible.


What kinds of taxes are the government's biggest source of revenue?

persoonal income tax


What is kinds of taxes under existing laws?

Kinds of taxes under existing laws; 1. National taxes or those imposed by the national government under the National Internal Revenue Code and other laws, specifically the Tariff and customs Code; and 2. Local Taxes or those with local governments may impose for specific needs such as the taxes imposed under the Local Government Code.


How much does an average American pay in taxes a year?

The United States has a progressive tax system so the more your income, the higher your income taxes will be. U.S. Citizens are also subject to many, many different kinds of taxes. Some of these taxes include State and Local Income Taxes, State and Local Sales Taxes, State and Local Property Taxes on homes, land, and other property, State and Local Motor Vehicle Taxes, Federal, State and Local Gasoline Taxes, etc. There is also a host of embedded taxes that the people of the United States pay such as taxes that are imposed on business and corporations that are passed on to the consumer, taxes imposed on utilities, telephone, railroad, transportation, etc.


What businesses pay this tax on profits earned?

All business operations pay taxes of all kinds plus income taxes on the net profit from the business operation.


What kinds of work did peasants do on the manor?

The peasants had to get food, farm, and support the Lord / Noble by paying taxes.


What power did the monarch have?

The monarch had the power to make or change laws, to collect some kinds of taxes and estates.


How many kinds of centipedes are there?

How many kinds of centipedes are there


How many kinds of cabras?

there is how ever many kinds there is in this world


What kinds of goods are often exempt from sales taxes at the state level?

spideris says it is clothing!!


What taxation strategy is when the amount of taxes is not determined by your income?

There are many taxes that are not determined by your income:sales taxes, property taxes, tariffs, excise taxes, capitation or "head" taxes, etc.


Why are there so many kinds of fish?

why are there so many kinds of fish