Taxes are something that everyone dreads. It’s a never-ending battle between what you owe and what you can get back. But if you know the different types of taxes, it could be easier for you to keep track of your money and how much is owed or refunded. There are five main categories: Income Tax, Sales Tax, Property Tax, Personal Property Tax, and Death Taxes. And each has its own set of rules and regulations that need to be followed to receive the benefits from them. So before we go into detail about these five major types of taxes let’s first talk about why they exist in the first place! The government wants more money than they have so tax laws were created as an incentive for people to pay and follow them. People and governments cannot function without financial support, so taxes are the main source of income for operating expenses such as police, road maintenance, healthcare, and building new roads! Taxes also allow for more freedom in a society where everyone has equal opportunities because there is an even distribution of wealth.