The phrase retribution comes from the Latin ‘taxo’ which means mandatory economy costs or several classifications of levies foisted on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes and can 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 and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most countries foist taxes on corporate income also dividends. Countries commonly also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes stated above, so you could easily do your tax estimation both individual or legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their daily job. Hope this helps you all.
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