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https://taxfoundation.org/taxedu/glossary/corporate-income-tax-cit/
Corporate Income Tax Definition | TaxEDU Glossary
Feb 4, 2025 - A corporate income tax is levied by federal and state governments on business profits. Many companies are taxed as pass-through businesses.
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https://taxfoundation.org/taxedu/glossary/wealth-tax/
Wealth Tax Definition | TaxEDU Glossary
Oct 17, 2024 - A wealth tax is imposed on an individual’s net wealth, or the market value of their total owned assets minus liabilities.
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https://taxfoundation.org/taxedu/glossary/payroll-tax/
Payroll Tax Definition | TaxEDU Glossary
Feb 7, 2024 - A payroll tax is a tax paid on the wages and salaries of employees to finance social insurance programs like Social Security and Medicare.
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https://taxfoundation.org/taxedu/glossary/sales-tax/
Sales Tax Definition | TaxEDU Glossary
Jul 15, 2025 - A sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions.
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https://taxfoundation.org/taxedu/glossary/capital-gains-tax/
Capital Gains Tax Definition | TaxEDU Glossary
Jul 15, 2025 - A capital gains tax is levied on the profit made from selling an asset and is often in addition to corporate income taxes. Learn more.
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https://taxfoundation.org/taxedu/glossary/carbon-tax/
Carbon Tax Definition | TaxEDU Glossary
Feb 8, 2024 - A carbon tax is a form of carbon pricing and, as a market-based approach, it is a cost-effective way to reduce greenhouse gas emissions.
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https://taxfoundation.org/taxedu/glossary/excise-tax/
Excise Tax Definition | TaxEDU Glossary
Feb 7, 2024 - An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on soda. gasoline, and sports betting.
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https://taxfoundation.org/taxedu/glossary/tax-reciprocity-agreement/
Tax Reciprocity Agreement Definition | TaxEDU | Tax Foundation
Feb 22, 2024 - A tax reciprocity agreement is a pact between two or more states not to tax the income of workers who commute from one state to another.
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https://taxfoundation.org/taxedu/glossary/marginal-tax-rate/
Marginal Tax Rate Definition | TaxEDU Glossary
Feb 10, 2026 - The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. Learn more about marginal tax rates.
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https://taxfoundation.org/taxedu/glossary/alternative-minimum-tax-amt/
Alternative Minimum Tax (AMT) Definition | TaxEDU Glossary
Jul 22, 2025 - The Alternative Minimum Tax (AMT) is a separate tax system that requires some taxpayers to calculate their tax liability twice. Learn more.
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https://taxfoundation.org/taxedu/glossary/tax-refund/
Tax Refund Definition | TaxEDU Glossary
Mar 5, 2024 - A tax refund is a reimbursement to taxpayers who have overpaid their taxes, often due to having employers withhold too much from paychecks.
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https://taxfoundation.org/taxedu/glossary/tax-credit/
Tax Credit Definition | TaxEDU Glossary
Mar 23, 2026 - A tax credit is a provision that reduces a taxpayer’s final tax bill, dollar-for-dollar. A tax credit differs from deductions and exemptions.
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https://taxfoundation.org/taxedu/glossary/value-added-tax-vat/
Value Added Tax (VAT) Definition | TaxEDU Glossary
Feb 11, 2025 - A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or service.
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