The word retribution comes from the Latin ‘taxo’ which means obligatory financial costs or several kinds of levies forced on taxpayers, taxpayers could be personals or other legal organizations. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes or can 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 construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most countries impose taxes on institution income also dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes mentioned above, so you could easily do your tax calculations both individual or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their daily work. Hope this inspires you all.
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