human
Can you explain the difference between federal and state taxes?
assistant
Federal taxes are taxes imposed by the federal government on income, profits, and other forms of revenue. These taxes are collected by the Internal Revenue Service (IRS) and include income taxes, payroll taxes, self-employment taxes, and corporate income taxes. State taxes, on the other hand, are taxes imposed by individual state governments on income, profits, and other forms of revenue as well. These taxes are usually collected by the state's Department of Revenue. Federal taxes are governed by the uniform laws of the federal government, while state taxes are usually determined by the individual laws of each state.