The word tax originally from the Latin ‘taxo’ which means mandatory economy fares or several kinds of levies foisted on taxpayers, taxpayers could be privates or another legal institutions. Failure to pay, together with declining of taxation, could be punished by law. Tax consists of indirect or direct taxes also 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 revenue, but most tax scales are based on annual income. Most countries push taxes on corporate income and dividends. Countries generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various types of taxes declared above, so you could easily do your tax calculations both personal and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their daily job. Hope this helps you all.
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