what are different types of taxes 
taxes can be classified in different ways some taxes may be incurred on transactions i e sales taxes or tariffs other taxes are incurred on net financial results i e individual income taxes or corporate income taxes there are also taxes that occur due to one time or non recurring events i e estate taxes capital gains taxes the bottom linethere are many types of taxes that are applied in various ways understanding what triggers a tax situation can enable taxpayers to manage their finances to minimize the impact of taxes techniques that can help include annual tax loss harvesting to offset investment gains with investment losses and estate planning which works to shelter inherited income for heirs 