The word retribution originally from the Latin ‘taxo’ which means compulsory monetary costs or some classifications of levies forced on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect taxes also 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 and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual income. Most nations push taxes on corporate revenue also dividends. Countries generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes stated above, so you can easily do your tax calculations both private or legal institutions.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax calculations in their regular work. Hope this helps you all.
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