Example 1:
You are charged this tax by the federal government on your yearly pay.
This is:
Income Tax.
Sales Tax.
Property Tax.
Excise Tax.
Example 2:
You own a piece of property and receive a tax bill from the state each year.
This is:
Income Tax.
Sales Tax.
Property Tax.
Excise Tax.
Example 3:
This business pays income taxes on the sales of its products each year.
This is:
Income Tax.
Sales Tax.
Property Tax.
Excise Tax.
Example 4:
You buy a computer from a store. You pay tax on that purchase.
This is:
Income Tax.
Sales Tax.
Property Tax.
Excise Tax.