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This video explains the concept of income tax in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about taxation, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
There are many different types of taxes. Among them are income taxes, property taxes, and sales taxes. A tax on the money that people make is called a personal income tax. Companies in the United States withhold, or hold back, a part of almost every worker’s pay. They send this money to the U.S. government.
8 Ιουλ 2024 · Taxes are paid to the local government like cities or counties and used for local needs like funding schools or community programs. Taxes paid to the federal government are used to fund national needs like social security, military, and government-funded healthcare programs.
7 Μαρ 2024 · Taxes Explained Simply for Kids! March 7, 2024 | Finance and Economics | 0 comments. Did you know that even kids can learn about taxes? It may seem like a complex topic, but teaching children about taxes can help them develop important financial literacy skills from a young age.
16 Μαρ 2021 · Please consult a qualified financial advisor before making any investment decision. This video answers the question "What is Tax" in a simple, kid-friendly way. PLEASE SUBSCRIBE (It’s FREE...
Governments can never create wealth. They must, therefore, support themselves by taking a portion of the wealth of their citizens. The chief means by which governments do this is taxation. Taxes are required payments of money that must be made regularly.
16 Οκτ 2023 · Taxes that are based on how much money a person earns are called income taxes. Taxes that are based on how much a person buys are called sales taxes. Taxes that are based on how much a person owns are called a property taxes. Things like houses have a property tax on them.
