The word tax taken from the Latin ‘taxo’ which means compulsory economy fares or some kinds of levies forced on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of indirect or direct taxes and could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs and 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 countries impose taxes on institution income and dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes declared above, so you could easily do your tax estimation both individual or legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their daily job. Hope this inspires you all.
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