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What type of tax does the federal government collect

User Avraham
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Hello!

The federal government collects all of the following taxes:

• Individual Income tax (tax on a person's income)

• Corporate Income Tax (tax on a coporation's income)

• Social Insurance taxes (taxes collected from employees and employers to pay for major social programs)

• Excuse Taxes (taxes on the manufacture, transportation, sale, or use of goods and performance of services)

• Custom Duties (a.k.a tariff)

• Estate Tax (tax on property and wealth over $1.5 million of a person who dies)

• Gift Tax (tax on gifts about $11,000)
User CFrei
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