What Are Taxes?

What Are Taxes? book cover — LET’S FIND OUT GOVERNMENT WHAT ARE TAXES LYNNAE D STEINBERG

What Are Taxes? — page 1 — WHAT ARE TAXES Shoppers must keep taxes in mind when choosing items to buy You’ve had your eye on something special at the store for a while Today you’re ﬁnally ready to buy it The store clerk asks for the money but it’s more than the amount on the price tag Why does it cost more than it says The answer is taxes Governments can collect money in different ways State governments sell license plates for cars and other A license is a document plate or tag showing that you have permission to own or do something VOCABULARY 4

What Are Taxes? — page 2 — automobiles They also charge fees for driver’s licenses City governments can ask you to pay for licenses to get married or to own a pet Sometimes they even charge money to park your car on certain streets Almost every government gets money by taking a certain amount from its citizens This money is called a tax The more that you know about taxes and how they work the better you will be at managing and saving your own money Parking meters allow the government to collect money for parking spaces 5

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