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# Types of Taxes The document describes different types of taxes. * **Pay as you earn (Tax on income 20/40/):** This is a tax on income. * **Universal Social Charge:** A tax on income. * **Value Added Tax (VAT):** Tax on the sale of goods/devices. * **Customers Duties:** Charges levied on goods...

# Types of Taxes The document describes different types of taxes. * **Pay as you earn (Tax on income 20/40/):** This is a tax on income. * **Universal Social Charge:** A tax on income. * **Value Added Tax (VAT):** Tax on the sale of goods/devices. * **Customers Duties:** Charges levied on goods that cross borders (protectionism). * **Excise Goods:** Taxed on certain goods, like alcohol. * **Local Property Tax (LPT):** Tax on property. * **Stamp Duty:** Tax on transport property. * **Motor Tax:** Tax on motor vehicles. * **Deposit Interest Retention Tax (DIRT):** Tax. * **Capital Gains Tax:** Tax on earnings from the sale of assets (e.g., stocks). * **Capital Acquisition Tax:** Tax on gifts and inheritance. * **Pay related social insurance:** A category of taxes related to social insurance payments. # What is Tax? * **What:** Tax is a payment to the government. * **Why:** Tax provides revenue to fund hospitals, schools, and transport. # Types of Direct Taxes * **Direct tax:** A tax on income as it is earned. Examples include: * PAYE * USC * PRSI * CGT * CAT # Types of Indirect Taxes * **Indirect tax:** A tax on income as it is spent. Examples include: * VAT * Excise * Customs