Taxes and Paychecks
Example
Imagine you get $10 for doing chores. If there's a tax of $1, you keep $9, and the other $1 goes into the big piggy bank that the government uses to help everyone.
Different Kinds of Taxes
Income Tax: This is the money taken from what you earn. If you have a job, a part of your salary goes to the government.
Sales Tax: This is money added to the things you buy. If you buy a toy that costs $10, and there's a sales tax of $1, you pay $11.
Property Tax: This is money paid by people who own houses or land.
Why It's Important
Paying taxes is important because it helps make our communities better and supports services that we all use and need. Without taxes, we wouldn't have good schools, safe roads, or public libraries.