The word tax taken from the Latin ‘taxo’ which means obligatory economy fares or some categories of levies foisted on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of indirect or direct taxes also could 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 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 countries push taxes on institution revenue also dividends. Countries often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes mentioned above, so you could easily do your tax calculations both personal and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax calculations in their daily job. Hope this inspires you all.
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