X

We detected that you're visiting our site from the UK. Would you like to visit the ChaCha UK website?

Taxes

Taxes

Taxes are a financial charge or other levy upon a taxpayer by a governing body. Taxes are used to carry out functions of the state and cover costs. Taxes are also the result of citizens demands for accountable representation.

Top Questions Asked on ChaCha.com for Taxes

In the Last:
Day | Week | Month

  1. Does the federal government have the right to tax residents of the US?

    True. Taxes are imposed in the United States at each of these...

  2. Where does the largest federal revenue from taxes come from?

    45% of federal revenue comes from individual personal taxes. ...

  3. Why do governments impose taxes?

    Taxes raise money to finance government programs and services...

  4. What is the primary purpose of taxes?

    The main purpose is revenue: taxes raise money to spend on ar...

  5. What are allowable expenses called such as medical costs and property taxes?

    Depending on the circumstances, they can also be classified a...

  1. Does the federal government have the right to tax residents of the US?

    True. Taxes are imposed in the United States at each of these...

  2. Why do governments impose taxes?

    Taxes raise money to finance government programs and services...

  3. Can i write off a car on my taxes?

    Check with your CPA, but normally the only time you can write...

  4. How do you do your taxes?

    Legally I am not allowed to give tax help since I am not a ta...

  5. Where does the largest federal revenue from taxes come from?

    45% of federal revenue comes from individual personal taxes. ...

  1. What are allowable expenses called such as medical costs and property taxes?

    Depending on the circumstances, they can also be classified a...

  2. Does the federal government have the right to tax residents of the US?

    True. Taxes are imposed in the United States at each of these...

  3. What deductible items can you claim on your taxes?

    There are plenty of things you can deduct such as charitable ...

  4. When do we get our 2009 taxes?

    You will receive your 2008 tax return sometime before May. Yo...

  5. How long after you file taxes with Turbo Taxes does it take to get your refund check?

    If you file with Turbo Tax online you can have your refund in...

Top Questions Asked on ChaCha Mobile for Taxes

In the Last:
Day | Week | Month

  1. What are different types of taxes?

    There are three types of tax which take from the flow of valu...

  2. How long does it take for taxes to come in?

    It depends on if you E-filed or mailed in your tax papers. Yo...

  3. What does the Constitution say about taxes?

    Article 1 Section 8: The Congress shall have Power To lay and...

  4. What are taxes on imported goods called?

    A tariff is a tax or duty placed on an imported good by a dom...

  5. Why haven't I received my federal taxes yet?

    Could be any number of reasons, to find out you can call the ...

  1. When do taxes come back?

    Do you mean your W-2? Employers have until January 31st, 2008...

  2. When do people get their taxes back?

    If you are expecting a tax refund, how long it takes depends ...

  3. What happens if you don't file your taxes in time?

    Penalties are assessed when a taxpayer fails to file his/her ...

  4. Can you use your last check stub to file taxes?

    Yes, you can use your last pay stub on February 15th. Prior t...

  5. What do you get back of your taxes?

    Of the taxes paid in to the Government, it depends on how man...

  1. What does the Constitution say about taxes?

    Article 1 Section 8: The Congress shall have Power To lay and...

  2. How long does it take for taxes to come in?

    It depends on if you E-filed or mailed in your tax papers. Yo...

  3. When do we get our 2009 taxes?

    You will receive your 2008 tax return sometime before May. Yo...

  4. What date do you have to file your taxes this year?

    The traditional tax return filing deadline is April 15 of eac...

  5. Why haven't I received my federal taxes yet?

    Could be any number of reasons, to find out you can call the ...

About Taxes

There are many types of taxes: income, sales, sin, and corporate. Most individuals in the United States deal with at least two of the first three taxes, whereas corporations deal with the latter. An income tax can be levied by the Federal government, the State and the municipality someone live in. It is typically a percentage of what you earn in a fiscal year. A sales tax occurs when someone purchases a commodity, the tax is added on to the price of the good. A sin tax is a tax created by the government to discourage a certain behavior, such as smoking.

Related Images

See all images »

Recent Taxes Questions

PREV 1 2 3 4 5 6 7 8 9 10 ... NEXT
29,870 Answers
Advertisement
›
›
›
›
Taxes