The word tax originally from the Latin ‘taxo’ which means compulsory monetary costs or several types of levies imposed on taxpayers, taxpayers can be privates or other legal institutions. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most countries 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 private annual revenue, but most tax scales are based on annual income. Most countries push taxes on institution income also dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes declared above, so you could easily do your tax estimates 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 company tax estimates in their daily work. Hope this helps you all.
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