Governments utilize different types of taxes as part of their revenue systems to balance their budgets. Define and describe the major types of taxes used in American governments – Federal, state, local. How are they alike and how are they different? Be specific in your answer.

Government Taxes

Governments utilize different types of taxes as part of their revenue systems to balance their budgets. Define and describe the major types of taxes used in American governments – Federal, state, local. How are they alike and how are they different? Be specific in your answer.