TLDR - STOP FUCKING TAXING US.

Taxes on What You Earn

These are the taxes most commonly seen as deductions from a paycheck.

* Federal Income Tax: This is a progressive tax, meaning the tax rate increases as income rises. The amount an individual pays is based on their income, filing status (e.g., single, married), and deductions.

* Social Security Tax: This is a flat tax rate levied on wages up to a certain annual maximum. It is used to fund Social Security benefits.

* Medicare Tax: This tax, which funds Medicare, is also a flat tax on all earned income. An additional tax may apply to high-income earners.

* State Income Tax: The majority of states and some localities have their own income tax. The rates and structure vary by state.

* Local Income Tax: In some cities and counties, an additional local income tax is levied.

Taxes on What You Buy

These are taxes on consumption and are typically added to the price of goods and services.

* State and Local Sales Tax: Most states and many local governments apply a sales tax to retail purchases. The combined rate varies by location.

* Excise Taxes: These are taxes on specific goods, such as gasoline, alcohol, and tobacco. They are often included in the purchase price.

Taxes on What You Own

These taxes are typically paid on a yearly basis on assets.

* Property Tax: This is a tax on real estate (and in some places, other property) and is typically assessed by local governments. It is a primary source of funding for local services like schools.