The word tax taken from the Latin ‘taxo’ which means obligatory economy fees or some classifications of levies foisted on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with rejection of taxation, could be punished 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 utilized to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual income. Most countries impose taxes on institution income or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimation both individual and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do entity tax estimates in their regular work. Hope this inspires you all.
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