History of Taxes
Place and time that Taxes originated.
What is Ancient Egypt around 3000–2800 BC?
The difference between gross pay and net pay is that this is the money you actually take home after taxes and deductions.
What is net pay?
This type of tax is most often used as a method for states and local governments to raise revenue.
What is Sales Taxes?
The country with the highest taxes percentage.
What is Sweden (at 76%!)?
Social Security tax.
What is collected for Retirement?
Century when "Taxes" first appeared in the English language.
What is the 14th century?
This form is given to you by your employer at the end of the year and shows how much you earned and how much tax was withheld.
What is a W-2?
Tax paid on inherited money or property after someone passes away.
What is an estate tax?
The country with the lowest taxes percentage
What is Bolivia (at just 13%)?
Taxes that are collected to cover medical insurance for the elderly.
What is Medicare?
The origin of the word Taxes
What is Taxare - Latin for "to assess"?
This form is filled out when you start a new job and tells the employer how much federal income tax to automatically take out of your paycheck.
What is a W-4?
This early form of taxation was created by William the Conqueror after 1066.
What is Property Taxes?
The average tax refund.
What is $2,900?
The children are our future.
What is Education?
Inventor of INCOME TAX
Who is Abraham Lincoln?
This common tax form is used by most taxpayers to file their annual federal income taxes with the IRS.
What is a Form 1040?
This kind of tax is progressive, meaning the higher the _____, the higher the rate of taxation.
What is Income?
The most notorious tax evader in history.
Refers to physical structures and facilities that we depend on to function as a society. This includes buildings, roads, and power supplies.
What is Infrastructure?
A temporary tax on incomes over $800 as an emergency measure to help finance the Civil War.
What is the Revenue Act?
These paycheck deductions are required to help pay for retirement income and healthcare for eligible older Americans.
What are Social Security and Medicare taxes?
A fee required in order to use government infrastructure, usually a road, including bridges and tunnels.
What is a Toll?
The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed.
Who is Robert Brockman?
Federal organization that collects taxes.