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If you’re a working American citizen, you most likely have to pay your taxes. And if you’re reading this article, you’re probably curious to know what exactly you’re paying for. We’ll break down everything you need to know about paying taxe. As the old adage goes, taxes are a fact of life. And the more we know about them as adults the easier our finances become. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. In the United States, every working person who earns more than a certain amount of money each year needs to pay income taxes to the federal government. Not everyone pays the same amount, though; the U.S. uses a progressive tax system, which.