https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/v/taxes-intro 2023-05-03T21:01:13.225276573Z Taxes intro Taxes are money that people and businesses pay to the government, and this money is used to help everyone by providing things like roads, schools, and health care. By paying taxes, we all help make our communities better and support important services. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/ed3d566a-15f2-4573-b71e-f628f5fda6dc_1280_720_base.png Taxes intro Taxes are money that people and businesses pay to the government, and this money is used to help everyone by providing things like roads, schools, and health care. By paying taxes, we all help make our communities better and support important services. https://cdn.kastatic.org/ka-youtube-converted/L8zPRF3JsE4.mp4/L8zPRF3JsE4.mp4 168 What are taxes? https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/v/local-taxes 2024-08-01T15:55:39.136030317Z Local taxes Local taxes include sales taxes and property taxes to fund community services. Sales taxes are added to the price of items you buy and collected at stores. Property taxes are based on the value of your home or land and are usually paid annually. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/1b5d50a3-9a12-4630-85f8-4a19f08e141e_1280_720_base.png Local taxes Local taxes include sales taxes and property taxes to fund community services. Sales taxes are added to the price of items you buy and collected at stores. Property taxes are based on the value of your home or land and are usually paid annually. https://cdn.kastatic.org/ka-youtube-converted/gnjGfQU6FlI.mp4/gnjGfQU6FlI.mp4 320 What are taxes? https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/a/how-taxes-work 2026-04-04T02:06:38.980527203Z How taxes work Ever wonder why we pay so many different types of taxes, who collects them, and what they're used for? This article will help answer those questions. We’ll discuss common kinds of taxes, explain how they support public services, and make taxes easy to understand. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/e/taxes 2026-04-04T02:06:38.980527203Z Taxes Practice understanding of different types of taxes, who collects them, and flat vs progressive tax. Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/v/taxes-you-pay 2024-12-16T14:45:04.990403558Z Taxes you pay We pay many taxes that affect our finances, including those on interest, dividends, and capital gains. Interest from savings and dividends is taxable income. When you sell investments, capital gains tax applies, differing by how long you've held the asset. Sales tax applies to everyday purchases like clothing, while property tax impacts homeowners.But, not everything is taxable. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/12742948-156e-4a11-b06f-f9fb085ca1bc_1280_720_base.png Taxes you pay We pay many taxes that affect our finances, including those on interest, dividends, and capital gains. Interest from savings and dividends is taxable income. When you sell investments, capital gains tax applies, differing by how long you've held the asset. Sales tax applies to everyday purchases like clothing, while property tax impacts homeowners.But, not everything is taxable. https://cdn.kastatic.org/ka-youtube-converted/SfKSOU729fM.mp4/SfKSOU729fM.mp4 353 What are taxes? https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/a/understanding-the-taxes-you-pay 2026-04-04T02:06:38.980527203Z Understanding the taxes you pay Every time you buy something, earn money, or even own property, you are paying some kind of tax, whether you notice it or not. Let’s break down the four most common types of taxes you will come across: income tax, sales tax, capital gains tax, and property tax. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:taxes-and-tax-forms/x647545bbd61df4a7:what-are-taxes/e/personal-taxes 2026-02-23T14:20:29.568609358Z Personal taxes Practice understanding of personal taxes, with focus on understanding of taxable vs non taxable, interest, dividends, and capital gains. Elvira Valdez exercise