4.2: Types of Taxes
Break down the different types of taxes you might pay.
4.2.1 Social Security – Funds retirement and disability benefits.
4.2.2 Medicaid/Medicare – Supports healthcare for the elderly and low-income.
4.2.3 Federal Taxes – Main income tax collected by the IRS.
4.2.4 State/Local Taxes – Vary depending on where you live.
Created by Sannihith Lekkala