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Individual Income Tax Tax on a person's income minus exemptions and deductions Corporate Income Tax Tax on a corporation's income minus expenses and deductions Social Insurance taxes Taxes collected from employees and employers to pay for major social programs; also known as payroll taxes and social insurance taxes Excise Taxes Taxes on the manufacture, transportation, sale; or use of goods and performance of services Customs duties Taxes on goods brought into the country for sale; also called tariffs Estate Tax Tax on the property and wealth over $1.5 million of a person who dies Gift Tax Tax on gifts above $11,000 to any one person given in any one year