Tax. Overview[edit] The legal definition and the economic definition of taxes differ in that economists do not regard many transfers to governments as taxes. For example, some transfers to the public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by "creating" money and coins (for example, by printing bills and by minting coins), through voluntary gifts (for example, contributions to public universities and museums), by imposing penalties (such as traffic fines), by borrowing, and by confiscating wealth.
From the view of economists, a tax is a non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. Purposes and effects[edit] Governments use different kinds of taxes and vary the tax rates. Kinds of taxes[edit] Taxes on income[edit] Income tax[edit] Tax. Tax Information for Individuals. Where's My Refund - It's Quick, Easy, and Secure. TurboTax. H&R Block® Credit Report, credit score and credit check from Experian. TransUnion - Check Your Credit Report and Credit Score Online, Instantly and Securely. Credit Reports, Credit Scores & Identity Theft Protection from Equifax.