Wednesday, May 9, 2007

Taxes

FEDERAL GOVERNMENT- Federal Income Tax is one of the most important income taxes. They are taxes put on our earnings and the earnings of companies and corporations (corporate taxes).

STATE GOVERNMENT and LOCAL (city) GOVERNEMTS are personal tax, property and sales.

Americans pay other taxes, such as real state tax, property tax, medicare tax, and sales tax.
Real state tax and property tax are imposed to people who own property. In less words the federal government collects money more on personal income and social insurances.

This money is use usually use to fund war expenses and other things.

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