The word retribution comes from the Latin ‘taxo’ which means compulsory economy fares or some types of levies forced on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes or 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 or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most nations push taxes on corporate revenue also dividends. Nations often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various categories of taxes declared above, so you can easily do your tax estimates both individual and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their daily job. Hope this inspires you all.
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