Every Major Type of Tax Explained (Patreon)

Every Type of Tax Explained

Mr. Beat explains every major type of tax and reveals his favorite types of taxes at the end. I know, he didn't cover ALL of them. Also, he really did have to pay the IRS. That was no joke. Produced by Matt Beat. All images/video by Matt Beat, found in the public domain, or used under fair use guidelines. Music by Trash Planet. Download some great Trash Planet here: https://trashplanetgame.bandcamp.com/album/trash-planet-ost Sources/further reading: https://taxfoundation.org/the-three-basic-tax-types/ https://www.debt.org/tax/type/ https://www.nerdwallet.com/article/taxes/inheritance-tax https://www.bloomberg.com/news/articles/2021-05-03/argentina-wealth-tax-fought-by-millionaires-raises-2-4-billion https://www.policygenius.com/taxes/types-of-taxes/ https://www.businessinsider.com/how-billionaires-avoid-paying-federal-income-tax-2021-6 https://en.wikipedia.org/wiki/List_of_taxes https://www.bizjournals.com/sanjose/news/2019/01/04/google-overseas-taxes-bermuda-double-irish-dutch.html Cameo, yo: https://www.cameo.com/iammrbeat?qid=1614915028 Snail mail Mr. Beat: PO Box 1982 Lawrence, KS 66044 Donate to Mr. Beat for great perks on Patreon: https://www.patreon.com/iammrbeat Buy Mr. Beat's book, The Ultimate American Presidential Election Book: Every Presidential Election in American History (1788-2016) https://amzn.to/3fdakiZ Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat Buy Mr. Beat T-shirts, coffee mugs, etc.: https://sfsf.shop/support-mrbeat/ More merch: https://www.bonfire.com/store/mr-beat/ Reddit: https://www.reddit.com/r/mrbeat/ Mr. Beat's band: http://electricneedleroom.net/ Mr. Beat on Twitter: https://twitter.com/beatmastermatt Mr. Beat on Facebook: https://www.facebook.com/iammrbeat/ Mr. Beat on Instagram: https://www.instagram.com/iammrbeat Mr. Beat's Discord server: https://discord.gg/g8cZPjt Mr. Beat favorites: POP! Icons: George Washington https://go.magik.ly/ml/11jrb/ Useful Charts: https://usefulcharts.com/?aff=12 Recommended books: Republic, Lost by Lawrence Lessing https://go.magik.ly/ml/11jul/ Truman by David McCullough https://go.magik.ly/ml/11jwc/ Studio equipment: Canon EOS M50 Camera EF-M 15-45mm Lens https://amzn.to/3dcNPen Samtian LED Video Light Kit https://amzn.to/3llDwHO TroyStudio Acoustic Panel https://amzn.to/33CkqHn Blue Snowball iCE USB Mic https://amzn.to/2GseOHa I use MagicLinks for all my ready-to-shop product links. Check it out here: https://www.magiclinks.com/rewards/referral/mrbeat/ FTC Disclosure: This post or video contains affiliate links, which means I may receive a commission for purchases made through my links. #taxes #government #economics A tax is a required payment to the government. You have to pay it. If you don’t, there will be bad consequences and stuff. Now, why on earth do we have to pay taxes? So the government can pay for stuff. Now, remember, as I said in a previous video, the purpose of the government is to protect society. More specifically, to resolve conflicts, defend a society from other societies, or provide public services. That costs money, and they need to get that money from somewhere. What are they going to do, borrow tens of trillions of dollars to pay for everything? Hahahahahahahha but yeah seriously, they do that, too. Now remember, in a democratic society, our tax dollars should ideally go where we want them to go. Understandably, many get upset when this does not happen. https://www.youtube.com/watch?v=2t1zK24_8MU Regardless, let’s go through all the major types of taxes that governments usually collect. And at the end of the video, I will reveal the type of taxes that I don’t mind so much. In conclusion, there are MANY types of taxes I haven’t even mentioned, but those are the main types. But yeah, in general, there’s three types of taxes. Taxes on what you buy, taxes on what you own, and taxes on what you earn. So, what’s YOUR favorite type of tax? Or should I say, what’s the type of tax you hate the least amount? Let me know in the comments below.