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What are common taxes and their use?

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Anonymous

16y ago
Updated: 8/17/2019

Sales tax - a percentage of the cost of purchased goods Luxury tax - a higher percentage tax charged on the purchase of designated items Excise tax - a tax on goods paid by their producer (though usually passed on to consumers) Property tax - a tax, usually local and paid annually, on the value of land or structures

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Wiki User

16y ago

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