Personal Finance 1307

According to the Tax Policy Center (TPC) in Washington DC, federal, state and local taxes account for approximately 28 percent of U.S. gross domestic product or in dollar terms, approach $4 trillion!   The federal government sucked up 2/3 of that leaving the remainder for state and local government.  With so much at stake it is imperative for you to understand the different types of tax, how to file your taxes, and how to make payments.