The phrase tax comes from the Latin ‘taxo’ which means mandatory financial fares or some categories of levies foisted on taxpayers, taxpayers could be personals or another legal institutions. 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 countries own a tax system that is utilized 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 income, but most tax scales are based on annual income. Most nations push taxes on corporate revenue or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various categories of taxes mentioned above, so you can easily do your tax calculations 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 institution tax estimation in their daily job. Hope this helps you all.
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