Money Tax tips on credits, deductions, rates, inheritance: ‘Most Americans lack a basic understanding’ August 23, 2020August 23, 2020 Russ Wiles, Arizona Republic Comments Off on Tax tips on credits, deductions, rates, inheritance: ‘Most Americans lack a basic understanding’ Americans pay various types of taxes and discuss taxes in routineĀ conversations. But how many people really know what basic terms and concepts mean?