The option that possible tax or deduction
that cannot be withdrawn from your paycheck is contributions to retirement savings.
The types of tax paid includes:
- Individual income taxes
- Crporate income taxes
- Payroll taxes
- Capital gains taxes etc.
Taxes are characterized based on taxes on what you earn, taxes on what you buy, and taxes on what you own.
Every dollar an individual pay in taxes starts as a dollar earned as income.
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