Types of Taxes

The video explains how the United States government funds its services through various taxes, including income, property, and sales taxes. It describes the different levels of government—local, state, and federal—and how each collects and uses taxes. Income tax is used for federal programs like Medicare and Medicaid, while property tax is based on the value of owned property. Sales tax is applied to certain goods and services, with rates varying by location. The video highlights the importance of taxes in supporting public services.

What is one way the United States government funds its services?

• By selling goods

• Through international aid

• Through donations

• By charging taxes

Which level of government is responsible for collecting income tax?

• Only the federal government

• Only the state government

• Both state and federal governments

• Local governments

What is one of the programs funded by federal income tax?

• Public libraries

• Medicare

• Local parks

• State highways

Who is responsible for paying property tax on a rented apartment?

• The federal government

• The local government

• The landlord

• The tenant

What is a common use of sales tax revenue at the local level?

• Funding the military

• Building state highways

• Supporting public transportation

• Providing federal grants