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Q: What are the different kinds of taxes and their meanings?
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Are there different kinds of billing software for different industries?

Yes, there are many different kinds of billing software. Many different kinds are used even within the same industry.


The different type of taxes citizens pay?

There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.


What are different kinds of taxes?

Taxes mostly fall into two categories....direct taxes- These are the taxes a person pays directly, i.e. no intermediary involved. They can be taxes on earnings, for example. These taxes are directly collected by Government from the person concerned. The person knows the exact tax liability in this case. eg income tax, wealth tax etc...indirect taxes- These taxes are taxes on consumption. you pay these taxes when you buy goods, sometimes unaware of the exact amount that it would contribute to your cost. The burden of these taxes are shifted from manufacturer to consumer. Its an unavoidable burden, regressive in nature i.e. bigger burden on poor. Example of this tax would be an excise duty.


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.


How many different types of taxes are there?

penis

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