Taxes on commodities or on purchases are known as

Name: Taxes on commodities or on purchases are known as
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Taxes on commodities or purchases are typically known as sales and excise taxes. Corporate income taxes are taxes paid by corporations on their income. Personal income taxes are taxes paid by individuals on their income. Payroll taxes are taxes that are taken out of an employee's paycheck for government programs like Social Security and Medicare.

Taxes on Commodities or on Purchases Are Known as