There are many forms of taxes. U.S. Investors in particular ought to be aware of corporate taxes, long-term capital gains taxes, short-term capital gains taxes, dividend taxes, and personal income tax, and any state taxes as well. Also affecting investment are sales tax, gasoline tax, as well as proposed windfall profits tax and carbon tax. And there are numerous other taxes.
Taxes are frequently controversial, firstly because no one likes to part with his money unless receiving something tangible immediately in return, and secondly because the complexity of numerous taxes increases the government's cost of collecting them, as well as the tax accounting cost to individuals and businesses paying them.
Related Fool Articles
- 60-Second Guide to Cutting Your Taxes
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- The Fool's "Death and Taxes" Center -- lots of good information
- 60-Second Guide to Investor Tax Issues
- Capital gains
- Corporate tax
- Dividend tax
- Income tax
- Long-term capital gains tax
- Short-term capital gains tax
- Sales tax