Tax Basics Cheat Sheet → https://accountingstuff.com/shop

This video is a beginner's guide to all things tax. First I'll explain what tax is. Then we'll cover the burden of tax and how different taxes can be proportional, regressive or progressive. You'll also discover the difference between tax avoidance and tax evasion, along with direct and indirect taxes.

We'll then break taxes down into three distinct categories:

▪ Tax on the Stuff you Earn
▪ Tax on the Stuff you Buy
▪ Tax on the Stuff you Own

We'll cover the main taxes that fall into each of these groups and give examples to illustrate how they work.

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⏱TIMESTAMPS
00:00 What is Tax?
00:30 The Burden of Tax
01:20 Tax Avoidance
01:36 Tax Evasion
01:48 Direct vs Indirect Tax
02:40 Tax on the Stuff you Earn
02:44 Personal Income Tax
05:38 Payroll Tax
07:05 Company Tax
07:59 Capital Gains Tax
09:27 Tax on the Stuff you Buy
09:35 Sales Tax
11:46 ValueAdded Tax (aka. Goods and Services Tax)
15:03 Excise Tax
15:48 Tariffs
16:25 Tax on the Stuff you Own
16:29 Property Tax
17:50 Wealth Tax
18:49 Inheritance Tax

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