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Taxes

Carlos Maldonado

Created on May 6, 2021

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Transcript

Taxes

What are Taxes?

Taxes are involuntary fees levied on individuals or corporations and enforced by a government entity—whether local, regional or national—

What are taxes for?

To help fund public works and services—and to build and maintain the infrastructures used in a country—the government usually taxes its individual and corporate residents.

Types of Taxes

Types of Taxes

Income taxes

Property Taxes

Sales Taxes

Types of Taxes

Property Taxes

Sales taxes

Income taxes

is an ad valorem tax on the value of a property. The tax is levied by the governing authority of the jurisdiction in which the property is located.

imposed on individuals or entities in respect of the income or profits earned by them.

is a tax paid to a governing body for the sales of certain goods and services.