Sep 29, 2020 · Excise tax refers to an indirect type of taxation imposed on the manufacture, sale or use of certain types of goods and products.

Nov 2, 2020 · Income tax refers to taxes imposed by the government on individuals and businesses based on annual income. In the US, income tax is collected on taxable…

Oct 30, 2020 · Federal income tax is a tax on a range of certain kinds of income, and it generates about 42% of the government's total tax revenue.

Aug 12, 2020 · A capital gains tax is a tax on the increase in the value of an investment.

Jul 14, 2020 · What is a value-added tax and why is it important? Discover more with InvestingAnswers' simple and comprehensive financial definitions

Jan 9, 2021 · What Is FICA? The Federal Insurance Contributions Act (FICA) is a US payroll tax used to fund the Social Security and Medicare programs. These programs are designed to support those …

May 18, 2021 · Most income investors are familiar with the tax treatment of common distributions like qualified and unqualified dividends.

Aug 18, 2020 · A progressive tax is one in which the tax rate increases as the amount being taxed increases.

Oct 16, 2020 · Certain types of income are subject to certain levels of taxation. For example, employers must pay payroll taxes on wages, sales taxes on certain asset purchases and excise taxes on still …

Aug 21, 2020 · What is social security tax and how does it affect you and your paycheck? Keep reading for easy-to-use definitions and examples.