Taxes and Duties | Baamboozle

English 10 Public

True or False about Taxes and Duties

Duties and taxes are most typically not included in the price of the goods you purchase online. True or False?

True!

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Americans must work 4 days into the year to afford their tax bills

False! 114 days!

15

Sweden has the highest income tax rate in the world.

True!

15

When purchasing goods online, some or all of these goods may not originate in the country you reside in, therefore are not subject to a customs duty.

False!

15

The highest corporate tax rate in the world belongs to the United Arab Emirates.

True!

15

A person who is convicted for tax evasion in the USA is subject to a fine, but not to a prison sentence.

False! They are subject to both!

15

There are 40 different types of taxes in Brazil

Fase! There are 94.

15

The first known taxes were in Mesopotamia almost 5,000 years ago.

True!

15

In an effort to keep citizens healthy, France imposed a “soda tax” on all carbonated soft drinks in 2012.

True!

15

There are several types of taxes, including income, Social Security, sales, property, and excise taxes.

True!

15