The word tax originally from the Latin ‘taxo’ which means compulsory economy costs or several types of levies foisted on taxpayers, taxpayers can be individuals or another legal institutions. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of direct or indirect taxes or 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 also to construct 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 income. Most nations foist taxes on corporate income also dividends. Nations frequently also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site 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 could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their daily work. Hope this helps you all.
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