Taxation
Tax evasion
cash-in-hand jobs
Tax liability
sales taxes
income taxes
International Revenue Service (IRS)
types
indirect (regressive)
customs duty
tax levied on imports
excise duty
tax levied on particular products (alcohol)
value added tax (VAT)
tax paid at each point of exchange of goods or services
levied on turnover and consumption
direct (progressive)
wealth tax
inheritance tax
capital gains tax
tax you pay when you sell an asset
local business tax
companies pay to the local authority
corporation tax
levied on companies
personal income tax
Tax avoidance
tax havens
tax shelters
loopholes
perks
Tax refund
reimbursement
dinamic
collecting tax credits
"investments"
Housing and urban developement
public education
military
medical care
social security
main function
cover government's expenditures
revenue sources of the state
