Understand the different types of taxes with this Tax Basics Cheat Sheet. This one-page, printable guide clearly explains direct taxes (like personal income tax, payroll tax, company tax and inheritance tax) and indirect taxes (like sales tax, goods and services tax (GST), value-added tax (VAT), tariffs and excise tax).

You’ll learn:

• The difference between direct and indirect taxes.

• How taxes apply to what you earn, what you own and what you buy.

• Key formulas for calculating each type of tax.

• Common examples like capital gains tax, property tax and wealth tax.

• Where taxes are applied in the supply chain.

With simple definitions and clear visuals, this cheat sheet is ideal for students, small business owners and anyone wanting to understand how taxes work in everyday life.

All prices are in USD.