HOW INDIRECT TAXES WORK AND AFFECT CONSUMERS

Indirect taxes, sometimes called hidden taxes, are taxes paid without the apparent knowledge of the taxpayer. Governments need taxes to generate revenue and maintain the economy. Also, the IRS is responsible for federal and state taxation. As a result, every law-abiding citizen must pay taxes. However, you are often unaware of indirect taxes as a consumer. So, this blog post will enlighten you on indirect taxes, how they work and how they affect consumers. So read on to learn more.