The word tax comes from the Latin ‘taxo’ which means compulsory economy fares or some categories of levies foisted on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual income. Most nations impose taxes on corporate revenue also dividends. Countries commonly also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes mentioned above, so you could easily do your tax estimates both personal or legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimates in their regular job. Hope this helps you all.
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