Sales Tax - Commonly used by states to collect tax on items you purchase (Hint: Oregon does NOT have this tax!), Capital Gains Tax - Taxes on profits made from investments, Inheritance/Estate Taxes - Tax paid to transfer property after a relative dies, Travel Tax - Tax the funds the FAA (Hint: mandatory charge for all flights), Value-Added Tax - VAT - not common but a tax on production of goods (Also common in foreign countries like Canada), Payroll Tax - Tax that comes out of your paycheck to fund social security, medicare an unemployment, Property Tax - Tax on real estate. Typically funds local, county, and state government., Sin Tax - Tax on luxury goods and products that may be bad for your health, Income Tax - Tax from earned income (Hint: Largest source of revenue for the government),

9 Types of Tax in the U.S.

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