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What's the difference between a flat tax and a fair tax?

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The flat tax and fair tax are two suggestions people have made for reforming the tax code. Learn more about flat tax and fair tax.

How Inheritance Tax Works

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Inheritance tax is also known as an estate tax or death tax. Find out why a grieving family has to pay an inheritance tax.

How Tax Brackets Work

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Tax Brackets are ranges of income that are taxed at different rates. Find out which tax bracket you're in and learn the history behind tax brackets.

How Tax Deductions Work

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Tax deductions are a way to decrease your taxable income, which decreases the amount of taxes you owe the government. Learn all about tax deductions.

How Tax Shelters Work

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Tax shelters help reduce your tax burden to the IRS by reducing your taxable income. Learn how to use, and not abuse, tax shelters at HowStuffWorks.

How Carbon Tax Works

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A carbon tax is one of two market-based options that focus on lowering harmful emissions. Learn about the carbon tax and how a carbon tax can lower emissions.

How Federal Taxes Work

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Federal taxes are somewhat complicated. Learn about how federal taxes work at HowStuffWorks.

How Tax Evasion Works

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Tax evasion is a serious crime, but there's a difference between nefarious activity and simply making a mistake on your return. Read more about tax evasion.

What is FICA tax?

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The FICA tax accounts for a large chunk of your federal income taxes. So what exactly is the FICA tax? Find out.

How LLC Taxes Work

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LLC taxes apply if you form a limited liability company. Learn about LLC taxes and find out if forming a LLC is right for your business.

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