Curious how taxes work? John Michael Kledis, EA, CFE, CVA explains just that - how state and local taxes work covering: the 7 types of taxes, types of Federal taxes, types of State taxes, and types of Local taxes. This episode also covers:

• Which states do NOT have income tax?
• What is a flat tax vs. graduated tax?
• What are sales tax?
• How are Internet sales handled?
• How is earned income vs. passive income handled and what are they?
• What is nexus?