Taxes are financial charges or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is usually punishable by law. While many realize that state and federal taxes take a large bite out of their paychecks, most people don’t realize that there are taxes for more than just the money you earn.