Node/Taxonomy hierachy

Gretz I am wanting to create a drupal blog styled site where one type of content will be links.

I am trying to get my head around how Taxonomy will allow me to create a heirachy of links with categories as follows.

Link Types

>Tutorial Links
..>Drawing tutorials
...>Drawing tutorials tags
..>Web design Tutorials
...>Web design Tutorials tags

>Design Websites
..>Product Designs
...>Product Designs tags
..>House Designs
...>House Designs tags

...etc

I am coming from a wordpress background and it uses categories which have can have a child/parent relationship as well as tags.

The simplest way of doing this would be to create cck based node types for
>Tutorial Links
>Design Websites
>Web Videos
and use Taxonomy for each separately, however I would loose the great features of http://drupal.org/project/links.

It just seems a shame that there cant be a child parent relationship with taxonomy in drupal the same way you do in wordpress categories. Please correct me if I am overlooking something in taxonomy or a module that does this kind of thing well.

Drupal is so much more desirable than wordpress in just about everything else I can think of :)
Cheers all!