Tax Rate - For an individual, it can be determined by increasing or decreasing the income earned or spent and calculating the change in taxes payable... In a tax system and in economics, the tax rate describes the burden ratio (usually expressed as a percentage) at which a business or person is taxed... An average tax rate is the ratio of the amount of taxes paid to the tax base (taxable income or spending)...
Sales Tax: Effects - Economists at the Organisation for Economic Co-operation and Development studied the effects of various types of taxes on the economic growth of developed nations within the OECD and found that sales taxes are one of the least harmful taxes for growth... Some people consider sales taxes to be regressive; that is, they believe that the tax imposes a greater burden on low-income families than wealthy families...
Payroll Tax - Most jurisdictions imposing payroll taxes require reporting quarterly and annually in most cases, and electronic reporting is generally required for all but small employers... These taxes are imposed on employers and employees and on various compensation bases and are collected and paid to the taxing jurisdiction by the employers... In the United States, payroll taxes are assessed by the federal government, all fifty states, the District of Columbia, and numerous cities...
Wealth Tax: Existing Net Wealth/worth Taxes - France: A progressive rate from 0 to 1.8% of net assets. In 2006 out of €287 billion "general government" receipts, €3.68 billion was collected as wealth tax...
Tax: Kinds of Taxes - As part of such analysis, OECD developed a definition and system of classification of internal taxes, generally followed below...
Tax Per Head: United States - Until a United States Supreme Court decision in 1895, all income taxes were deemed to be excises (i.e., indirect taxes)... The United States government levied direct taxes from time to time during the 18th and early 19th centuries... It levied direct taxes on the owners of houses, land, slaves, and estates in the late 1790s but cancelled the taxes in 1802...
Fuel Tax - Fuels used to power agricultural vehicles, and/or home heating oil which is similar to diesel are taxed at a different, usually lower, rate... In some regions of the world, differences in fuel taxes between countries result in a significant level of cross-border purchasing of motor fuel... This is particularly true in Europe, where large differences in fuel taxes, coupled with minimal or no border controls, encourage drivers to cross borders for the sole purpose of filling up their tanks with fuel...
Capital Gains Tax - Taxes are charged by the state over the transactions, dividends and capital gains on the stock market... However, these fiscal obligations may vary from jurisdiction to jurisdiction because, among other reasons, it could be assumed that taxation is already incorporated into the stock price through the different taxes companies pay to the state, or that tax-free stock market operations are useful to boost economic growth...
Tax Noncompliance: Tax Protesters and Tax Resistance - Thus, in this case, Cheek paid his taxes for years, but after attending various seminars and based on his own study, he concluded that the income tax laws could not constitutionally require him to pay a tax... federal income taxes, civil penalties for willful failure to timely file returns and willful failure to timely pay taxes are based on the amount of tax due; thus, if no tax is owed, no penalties are due... Some tax evaders believe that they have uncovered new interpretations of the law that show that they are not subject to being taxed (not liable): these individuals and groups are sometimes called tax protesters...
Sales Tax - At that period of time, Athens did not rely on government agencies to collect its taxes; the responsibility was delegated to the highest bidder, a practice known as tax farming... Sales taxes are commonly charged on sales of goods, but many sales taxes are also charged on sales of services... Most sales taxes are collected from the buyer by the seller, who remits the tax to a government agency...
Currency - Silver coins were used for midsized transactions, and as a unit of account for taxes, dues, contracts and fealty, while copper coins represented the coinage of common transaction... Major nations established mints to print money and mint coins, and branches of their treasury to collect taxes and hold gold and silver stock...
Tax Resistance - Tax resisters may accept that some law commands them to pay taxes but they still choose to resist taxation... War tax resistance is the refusal to pay some or all of the taxes that pay for war, and a form of nonviolent resistance... Tax resisters are distinct from tax protesters who deny that the legal obligation to pay taxes exists or applies...
Capital Gains Tax In Australia - So instead of a big capital gain pushing the taxpayer into higher tax brackets immediately, the brackets were stretched out, allowing more to be taxed at one's existing marginal rate...
Property Tax - These are two distinct forms of taxation: one (ad valorem tax) relies upon the fair market value of the property being taxed for justification, and the other (special assessment) relies upon a special enhancement called a "benefit" for its justification... Property taxes are often assessed at the local level, under local rules, so assessments, rates, and valuations may vary widely within a particular state, province, or country...
Indirect Tax - The indirect taxes are actually born by the customer and be collected from them when they pay for consumption... Convenience of charging= Indirect taxes are imposed on production, sale and movement of goods and services... This is a function of the relative elasticity of the supply and demand of the goods or services being taxed...
Taxation In The United States - These include taxes on income, property, sales, imports, payroll, estates and gifts, as well as various fees... These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of 15.3% (13.3% for 2011)...
Direct Tax: U. S. Constitutional Law Sense - After the Sixteenth Amendment, no Federal income taxes are required to be apportioned, regardless of whether they are direct taxes (taxes on income from property) or indirect taxes (all other income taxes)... The United States Court of Appeals for the District of Columbia Circuit has stated: "Only three taxes are definitely known to be direct: (1) a capitation, (2) a tax upon real property, and (3) a tax upon personal property." In the United States, Article I, Section 2, Clause 3 of the Constitution requires that direct taxes imposed by the national government be apportioned among the states on the basis of population... After the 1895 Pollock ruling (essentially, that taxes on income from property should be treated as direct taxes), this provision made it difficult for Congress to impose a national income tax that applied to all forms of income until the 16th Amendment was ratified in 1913...