Individual income taxes are taxes imposed by the government on the income earned by individuals. This income can come from various sources, including wages, salaries, bonuses, and investment earnings. The amount of tax owed typically depends on the individual's income level, with higher earners often paying a larger percentage of their income in taxes. In many countries, including the United States, individual income taxes are collected annually, and taxpayers are required to file a tax return to report their earnings. The tax system may include different rates and deductions, allowing individuals to reduce their taxable income based on specific criteria, such as dependents or charitable contributions.