definition of these taxes?

Alphonso Brake: income tax-It is deducted from your salarySales tax-something that is bought,for example,say you bought 2 bags,you will have to pay some % as the sales tax.Excise tax is when you import something,you will have to pay an amount to the government.Property tax-you will have to pay a % of the real value of the property you own as taxes to the government,it can include land,a house,farm etc.Social Security tax-the tax that is used to fund the pensions.Estates and Gift tax-same as property tax and gift tax is when you transfer a property from one person to another,say a brother to another,then you will have a % of the real value as the tax....Show more

Mitsuko Manne: Income Tax- Tax impose directly on personal incomeSale Tax- Tax based on the cost of the item from buyerexcise tax - Tax measured by the amount of business done. property tax - Tax based on propertyEstates and Gift tax-The estate tax in the United States is a tax imposed on the transfer of th! e taxable estate of a deceased personhttp://taxprocochin.com/"> Tax Consultant ...Show more

Bryan Avinger: 1) Income Tax: The tax which is directly imposed on one’s personal income (current rate - )2) Sales Tax: The tax imposed on the purchase of goods from the buyer3) Excise Tax: It is an indirect tax levied on the sale of certain goods.4) Property Tax: The tax levied on the immovable properties like vacant land, offices, flats etc.5) Social Security Tax (FICA):The social security tax has been introduced by the Federal Insurance Contributions Act (FICA) whereby the tax paid by the employees, workers and employers on income earned is directed towards the benefit programs for old-age, disability and survivors.6) Estates and Gift Tax: Estate tax is imposed on a heir’s inherited assets while the gift tax is levied on an individual gifting anything valuable to another person.http://www.taxationservices.com.sg/...Show more