The word tax comes from the Latin ‘taxo’ which means obligatory monetary costs or some categories of levies foisted on taxpayers, taxpayers can be individuals or another legal organizations. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect taxes and 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 build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations push taxes on institution revenue or dividends. Countries usually also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes mentioned above, so you could easily do your tax calculations both individual and legal institutions.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily work. Hope this inspires you all.
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