Saturday, May 26, 2007

Taxes- How does U.S.A goverment spend its dollars

The government and states charge us many different taxes, for several reasons. In general, these taxes (on all different levels of government) help to pay for different things. Such as security, SSI, and their communities. The different taxes are Income Tax which is determined by the amount of money earned annually, Excise Tax is the tax determined by the manufacturing of certain goods and/or services, Property Tax is the tax for the payer's possesions and Sales tax is similar to an Excise tax in that it involves goods and services, only difference is that sales tax deals with general goods and services, while excise deals with specific ones

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