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Peyton's

Published on Nov 18, 2015

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PRESENTATION OUTLINE

WHAT I KNOW ABOUT TAXES

BY PEYTON FAUST
Photo by Tax Credits

WHAT ARE TAXES

  • THE MONEY YOU PAY THE GOVERNMENT
  • You pay it to help with roads or parks
Photo by Anthony Baker

WHAT IS A COMMUNITY?

A GROUP OF PEOPLE WORKING TOGETHER FOR A COMMON GOOD

BENEFITS OF TAXES

WHEN YOU PAY TAXES IT GOES TO HELP THE COMMUNITY
Photo by mcfcrandall

INCOME TAX

TAX ON EARNED AND UNEARNED INCOME
Photo by Alan Cleaver

PAYROLL TAX

A TAX ON EARNED INCOME THAT SUPPORTS SOCIAL SECURITY
Photo by DonkeyHotey

PROPERTY TAX

TAX ON PROPERTY, CARS, OR BUILDINGS

SALES TAX

TAX ON EVERYTHING AND ANYTHING BOUGHT IN RETAIL STORES

EXCISE TAX

TAX ON CONSUMPTION ITEMS (GAS, ALCHOL, AND CIGARETTES)
Photo by -AX-

WHAT IS A W-2 FORM

  • A form your emoployer gives you
  • Shows what you have made that year
  • Shows what will be taken out for taxes
Photo by frankieleon

WHAT IS A W-4 FORM

TELLS YOUR EMPLOYER HOW MUCH YO TAKE OUT FOR TAXES

WHAT DAY ARE TAXES DUE?

APRIL 15
Photo by David Sherret

TWO IMPORTANT THINGS ABOUT TAXES

1.)EVERYONE PAYS THEM 2.)HELP WITH EVERYTHING IN COMMUNITY
Photo by Leo Reynolds