Tax: a mandatory financial charge imposed by the government on individuals or businesses to fund public expenditures
Tax base: the total amount of income, property, goods, sales, or other assets subject to taxation
Tax brackets: divisions of income or assets into different ranges, each of which is taxed at a different rate
Sales tax: a tax imposed on the sale of goods and services
Internal Revenue Service (IRS): the agency of the U.S. federal government responsible for collecting taxes and enforcing tax laws
Payroll tax: a tax that is deducted from employees' salaries and paid to the government by the employer
Excise tax: a tax on specific goods such as alcohol, tobacco, or gasoline
Gas tax: a tax on the sale of gasoline used to fund transportation infrastructure
Property tax: a tax on the value of real estate or personal property
Progressive tax: a tax system in which the tax rate increases as the taxable amount increases
Regressive tax: a tax system in which the tax rate decreases as the taxable amount increases
Tax wage: the amount of money deducted from an employee's wages to pay taxes
Externality: a cost or benefit that affects a party who did not choose to incur that cost or benefit
What are the definitions for the words bel?
Tax
Tax base
Tax brackets
Sales tax
Internal revenue service, IRS
Payroll tax
Excise tax
Gas tax
Property tax
Progressive tax
Regressive tax tax wage
Externality
1 answer