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Saved Help Save a tax imposed on the retail price of goods ( plus certain services ) . Retailers are responsible for collecting and remitting

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a tax imposed on the retail price of goods (plus certain services). Retailers are responsible for collecting and remitting the tax; typically, sales tax is collected at the point of sale.
a tax imposed on the retail price of goods owned, possessed, or consumed within a state that were not purchased within the state or not purchased from a retailer.
Taxes based on the value of property. Real estate taxes are an example.
Social Security and Medicare taxes paid by the self-employed on a taxpayer's net earnings from self-employment. For selfemployed taxpayers, the terms "self-employment tax" and "FICA tax" are synonymous.
the Old Age, Survivors, and Disability Insurance (OASDI) tax. The tax is intended to provide basic pension coverage for the retired and disabled. Employees pay Social Security tax at a rate of 6.2 percent on the wage base (employers also pay 6.2 percent). Self-employed taxpayers are subject to a Social Security tax at a rate of 12.4 percent on their net earnings from self-employment.
the Medical Health Insurance (MHI) tax. This tax helps pay medical costs for qualifying individuals. The Medicare tax rate for employees and employers is 1.45 percent on salary or wages. An additional Medicare tax of .9 percent is assessed on employees (not employers) on salary or wages in excess of $200,000( $125,000 for married filing separate; $250,000 of combined salary or wages for married filing joint). Self-employed taxpayers pay both the employee and employer Medicare tax and additional Medicare tax.
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