The phrase tax comes from the Latin ‘taxo’ which means compulsory economy costs or several types of levies imposed on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with refusal of taxation, can 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 have a tax system that is used to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual revenue. Most countries impose taxes on corporate income or dividends. Nations commonly also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various categories of taxes declared above, so you could easily do your tax calculations both personal or legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their daily work. Hope this inspires you all.
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