Income Tax FormsIndividuals & Families

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in this video I'd like to give you a brief explanation of what income tax is the type of things that constitute income tax and then how you would go about computing and calculating income tax so I just want to say we're talking about income tax in this video for individuals and and what I mean by individuals is not just one single person could be a family I'm talking about people and so that means it's not corporations not Corpse not estates they're all types of different entities right such as a corporation or an estate that that can be subject to income tax but I just really want to focus on on people so when we think about the types of things that constitute income tax it's good to think of some examples obviously if I just said it's a tax on income that really wouldn't tell you anything so probably the number one thing that most people associate is wages right so you work at a job and and you get a w-2 at the end of the year every week you get your check or every two weeks those a