What is a Tax?
Almost everything you buy, own, rent, sell, or earn attracts a tax.
Different types include
- Income tax
- Capital gains tax
- Property tax
- Sales tax
- Corporate tax
- Inheritance tax
- Death tax
The two most common forms of taxation are income tax and sales tax.
Taxes are due April 15th, “Tax Day”
Sales Tax is part of the price you pay for goods and services
Everything from groceries to fuel can carry a sales tax.
California has the highest Sales Tax
Colorado has the lowest Sales Tax
Why do we have to pay taxes?
Taxes are necessary for the government to fund the public infrastructure, and security agencies such as the police and the military.
Deciphering taxation laws can be perplexing.
“The hardest thing in the world is to understand the income tax.” – Albert Einstein