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There are numerous examples of taxes.
1. Sales tax. If you buy products in a store, you are charged an extra percentage of what you purchased. If you buy a 99 cent item and get charged $1.06, that extra 7 cents is called sales tax.
2. Income tax. That is part of what your boss takes out of your paycheck. They also take out FICA (Social Security), sometimes insurance, and other things.
3. Luxury taxes. These are extra taxes you pay on certain luxury items.
4. "Sin taxes." These are extra taxes on items that are deemed unhealthy or bad for society. For instance, this is partly why cigarettes are so high.
5. Property taxes. These are taxes you pay each year to the county and/or state just for owning a house, vehicles, and/or land.
What else can I help you with?
Inheritance taxes and excise taxes on luxury goods are example of what type of taxes?
Progressive
Which of these could be an example of a money payment made to households by government?
taxes
Why are taxes important to us?
taxes pay for all the public services such as education for an example.
What is one example of an automatic stabilizer?
taxes
Sales tax is an example of?
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
Are federal taxes deductible on state taxes?
It depends on the state. For example in California the answer is no yet in Iowa the answer is yes.
The power to collect taxes is an example of?
a Concurrent Power.
The decision to raise taxes is an example of what?
public policy
Are Taxes an example of a concurrent power?
True
What is an example of a county that has unitary government?
collect taxes
Is not an example of macroeconomics?
cutting state income taxes
Which is not an example of macroeconomics?
cutting state income taxes
