1. excise tax: tax paid on the sale of specific itmes for personal use
2. sin tax: tax designed to raise revenue and reduce consumption of a socially undesirable product - eg alcohol and tobacco
3. sales tax: a tax that applies to total expenditures on a broad range of goods
4. tariffs (duties): taxes on products imported or brought in from a foreign country
5. business property tax: tax on the value of business real estate and inventories
6. private property tax: tax on the value of residential real estate and large personal items (home, car, boat, plane, furniture, etc.)
7. proportional tax: tax where the rate remains constant as income increases
8. progressive tax: tax where the rate increases as income increases
9. regressive tax: tax where the rate decreases as income increases
10. marginal tax rate: tax rate that applies to the next dollar of income
