The word tax taken from the Latin ‘taxo’ which means obligatory monetary fees or several classifications of levies forced on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual income. Most nations force taxes on institution income or dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes mentioned above, so you could easily do your tax estimates both individual and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their regular job. Hope this inspires you all.
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