This is the tax that takes a smaller percentage from those with high income than from those with lower income. Don't forget to add the sales tax to the price. Depending on the state you live in, you pay an extra percentage of sales tax for items purchased. Taxpayers have to be organized too. One day, when you're your grandparents' age, you'll get the money back.
Some taxpayers choose to take a standard amount instead of itemizing all of their deductions.
This is a fixed amount that is generally based on a person's filing status. There are all kinds of taxes which are used to pay for all sorts of things. Some of our money goes to the Federal government, which pays for services like Interstate highways, the armed forces, the FBI, and a lot more. Your state also needs money for schools, roads, state troopers-to name just a few. At the end of the tax year, you will need to send one form to the Federal government, and another to your state government.