Overview of 7 Types of Taxes

studied byStudied by 0 people
0.0(0)
learn
LearnA personalized and smart learning plan
exam
Practice TestTake a test on your terms and definitions
spaced repetition
Spaced RepetitionScientifically backed study method
heart puzzle
Matching GameHow quick can you match all your cards?
flashcards
FlashcardsStudy terms and definitions

1 / 6

encourage image

There's no tags or description

Looks like no one added any tags here yet for you.

7 Terms

1

Income Tax

Tax on wages, interest, and business income

New cards
2

Sales Tax

Tax on discretionary (don't need for survival) item sales, not essentials

New cards
3

Property Tax

Tax based on ownership of land or buildings

New cards
4

Consumption Tax

Tax on all sales, discretionary or not

New cards
5

Estate Tax

Tax on wealth after death, above $1 million, federal above 11 million

New cards
6

VAT

Tax on production and consumption of goods

New cards
7

Excise Tax

Tax on sin goods like alcohol and tobacco

New cards
robot