Chances are, if you work for a major company, your federal income taxes are taken out of your paycheck before you even get it.Everybody knows that there are taxes that have to be paid - and if you live in an area that charges sales tax, you are probably aware of that type of tax from a very early age. If you did not work for a company that takes your taxes out of your paycheck, then you'll probably end up owing money for your taxes. You can also deduct certain expenses, including money that you spend on equipment for your own business if you have one. Generally, you will end up paying, even if they are some of the most common types of taxes that people come across