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Where does the money for the services we enjoy come from?

sales tax

a tax based on the cost of the item purchased and collected directly from the buyer

regressive tax

a flat tax paid the same by everyone: sales tax

income tax

charge on the money made by an individual or a corporation

progressive tax

the rate is based on the payer's ability to pay: the higher the income the higher the tax rate

property tax

fees on tangible and intangible property such as land, buildings, cars


the process of determining how much something is worth for the purpose of taxation

inheritance tax

a tax collected on the money left by a person in his or her will

estate tax

tax imposed on the total value of the physical property left when someone dies

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