The phrase retribution comes from the Latin ‘taxo’ which means compulsory monetary fares or several categories of levies forced on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with declining of taxation, could be punished by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used 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 revenue. Most countries push taxes on institution income or dividends. Countries commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes stated above, so you can easily do your tax calculations both personal and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do entity tax calculations in their daily work. Hope this inspires you all.
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