The phrase tax originally from the Latin ‘taxo’ which means obligatory economy fares or some categories of levies imposed on taxpayers, taxpayers can be individuals or another legal organizations. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of indirect or direct taxes also 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 also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most nations foist taxes on institution income or dividends. Nations often also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes mentioned above, so you can easily do your tax estimation both personal and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their daily work. Hope this helps you all.
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