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10 Cards in this Set
- Front
- Back
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Custom duties
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taxes on imports and exports aka tariffs
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Property Taxes
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a payment levied by govt based on the amount of property a tax payer owns.
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Excises
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a tax on sale or manufacture of a specific product- like grain, sugar, salt, tea, alcohol, and tobacco
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Income tax
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a tax levied on individials or corporate income
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Estate tax or death tax
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s
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Payroll tax
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a tax based on wages, tips and salaries paid, part of which is deducted from the employees pay and the employer pays the rest
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Social insurance
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govt programs that provide protection against financial losses associated with work
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General sales tax
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a tax levied on retail sales
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vat
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a tax that accumulates on goods as they move from raw materials through the production and distribution
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User fees
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a payment made by those who use a specified good or service provided by govt
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