The word retribution comes from the Latin ‘taxo’ which means mandatory monetary fees or several categories of levies forced on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries 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 personal annual income, but most retribution scales are based on annual income. Most nations push taxes on corporate income and dividends. Nations generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes stated above, so you could easily do your tax estimation both personal and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax calculations in their daily job. Hope this helps you all.
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