A nation's Income Tax is an uncancellable Policy where a fraction of every working citizen's earnings is given to the government. Income taxes are progressive; the wealthy pay a bigger fraction than the poor. This improves a nation's Equality and makes a high Income Tax popular among Socialists, but unpopular among the Capitalists, the Middle Income earners, and the Wealthy. The Income Tax lowers all three kinds of Earnings at different rates; High Earnings are affected twice as much as Low Earnings.
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| - A nation's Income Tax is an uncancellable Policy where a fraction of every working citizen's earnings is given to the government. Income taxes are progressive; the wealthy pay a bigger fraction than the poor. This improves a nation's Equality and makes a high Income Tax popular among Socialists, but unpopular among the Capitalists, the Middle Income earners, and the Wealthy. The Income Tax lowers all three kinds of Earnings at different rates; High Earnings are affected twice as much as Low Earnings.
- This educational report on income tax sponsored by H&R Black and by viewers like you. Whoops! Maybe you were looking for Robbery? “INCOMING!!!”~ Oscar Wilde on Income tax “Fuck! I hate taxes and the stupid government. All they do is waste my money anyway.” ~ Income tax
- Income Tax is a type of tax levied and collected on the Income of an individual, companies, and other entities like trusts and associations. The rate of income tax may be flat or progressive - mostly, it is progressive. Under a flat system, income tax is charged at a flat rate of the income. Thus, if your income is USD 25,000 per annum and the rate of income tax is 10% flat, you shall have to pay an income tax of USD 2,500. On the other hand, a progressive rate of Income Tax entails taxing higher levels of Income at higher rates. This may be understood by an example: if your annual income is USD 25,000 and the tax structure requires you to pay income taxes @ 10% for first slab of income of USD 10,000 and on the next slab of USD 10,000 # 20%, and over that @ 30%, your income tax liability s
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| - Income Tax is a type of tax levied and collected on the Income of an individual, companies, and other entities like trusts and associations. The rate of income tax may be flat or progressive - mostly, it is progressive. Under a flat system, income tax is charged at a flat rate of the income. Thus, if your income is USD 25,000 per annum and the rate of income tax is 10% flat, you shall have to pay an income tax of USD 2,500. On the other hand, a progressive rate of Income Tax entails taxing higher levels of Income at higher rates. This may be understood by an example: if your annual income is USD 25,000 and the tax structure requires you to pay income taxes @ 10% for first slab of income of USD 10,000 and on the next slab of USD 10,000 # 20%, and over that @ 30%, your income tax liability shall be USD 4,500 (USD 1,000 + USD 2,000 + USD 1,500 = USD 4,500).
- A nation's Income Tax is an uncancellable Policy where a fraction of every working citizen's earnings is given to the government. Income taxes are progressive; the wealthy pay a bigger fraction than the poor. This improves a nation's Equality and makes a high Income Tax popular among Socialists, but unpopular among the Capitalists, the Middle Income earners, and the Wealthy. The Income Tax lowers all three kinds of Earnings at different rates; High Earnings are affected twice as much as Low Earnings.
- This educational report on income tax sponsored by H&R Black and by viewers like you. Whoops! Maybe you were looking for Robbery? “INCOMING!!!”~ Oscar Wilde on Income tax “Fuck! I hate taxes and the stupid government. All they do is waste my money anyway.” ~ Income tax
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