Learning the different types of taxes you pay can help you understand the true cost of purchases and ensure you make the right deductions on your federal income taxes. The federal government and ...

The federal government and most state governments impose taxes on the income you earn during the year — just because you earned it. These taxes hit not only your wages, salaries and bonuses but ...

the taxes break down into discrete categories that are easy to understand. Here's our guide to types of taxes: A consumption tax is a tax on the money people spend, not the money people earn.

Sales taxes are imposed in all states and... The federal government imposes a tariff, a type of tax also referred to as a duty, on the value of imported products, according to the U.S. government ...