Go over different tax forms and tax brackets
What are different income forms
form 1040
What Are Taxes?
Watch the short informational video below to find out!
When do you pay taxes?
Every time you purchase an item, whether it’s a banana, a t-shirt, or Minecraft. You have to pay sales tax. This also applies to services like an uber drive babysitting companies. Each state has a different sales tax. Find your state’s sales tax below.
Sales Tax
The United States uses a progressive income tax system. Meaning, as your income increases, you are placed in tax brackets with increasing portions of your income taxed, or taken. It differs depending on the amount of people in your household, among other factors. This also differs for every state.
Income Tax
These are government-collected taxes on real estate, also known as land and property. This differs for every state.
