The phrase tax comes from the Latin ‘taxo’ which means obligatory financial costs or some classifications of levies forced on taxpayers, taxpayers can be personals or other legal organizations. Failure to pay, together with rejection of taxation, can 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 have a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual income. Most countries foist taxes on institution income and dividends. Nations often also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various clasification of taxes stated above, so you can easily do your tax estimation both private or legal organizations.
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 daily work. Hope this helps you all.
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