The phrase tax originally from the Latin ‘taxo’ which means mandatory economy fees or some kinds of levies imposed on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with refusal 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 have a tax system that is used to pay for public needs also to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations push taxes on institution income also dividends. Nations often also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes stated above, so you could easily do your tax estimation both personal or legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimates in their regular job. Hope this helps you all.
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