Withholding taxes are very important to the federal government. Payroll taxes account for over a third of all federal revenue. These taxes are even more important to American families. Many families do not prepay estimated taxes. Since they only pay withholding taxes, a good W-4 withholding plan is essential. Otherwise, a family could have a […]
6 Key Facts About Excise Taxes
Everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they’re not obvious. Click through for an introduction to this important class of taxes, and see what’s changed. Excise taxes are paid when purchases are made on specific goods or activities, such as wagering or highway usage by […]