Business taxes are fees that companies must pay to the government based on their income, profits, or sales. These taxes help fund public services like education, infrastructure, and healthcare. Different types of business taxes include corporate income tax, sales tax, and payroll tax, each serving a specific purpose in the economy. The amount a business pays in taxes can vary depending on its structure, such as whether it is a sole proprietorship, partnership, or corporation. Understanding these taxes is crucial for business owners to ensure compliance and effective financial planning.