What are "income taxes"?

What are "income taxes"?

John Stoller, CPA (Certified Public Accountant) gives expert video advice on: What are "income taxes"?; What is the "IRS"?; What are "tax-favored investments"? and more...

Income taxes are the price that we pay for living in our civilized society. Every country has income taxes. You have to have income taxes to pay for the government.Your situation, your income and what you do, because of the political nature of any tax system, will determine how much tax you're going to pay.