To tax (from the Latin taxo; "I estimate", which in turn is from tangō; "I touch") is to impose a financial charge or other levy Categories: Surnames | Jewish surnames | Levites upon a taxpayer (an individual or legal entity A legal person, also called juridical person or juristic person, is a legal entity through which the law allows a group of natural persons to act as if they were a single composite individual for certain purposes, or in some jurisdictions, for a single person to have a separate legal personality other than their own. This legal fiction does not) by a state For the purposes of Private International Law, a State is a defined group of people, living within defined territorial boundaries and more or less subject to an autonomous legal system exercising jurisdiction through properly constituted courts or the functional equivalent of a state such that failure to pay is punishable by law.
Taxes are also imposed by many subnational entities Administrative divisions are divisions of a political division. In other words, they are designated portions of a country. They are also called subnational entities. They are each granted a certain degree of autonomy, and are required to manage themselves through their own local governments. Countries are divided up into these smaller units to. Taxes consist of direct tax The term direct tax has more than one meaning: a colloquial meaning and, in the United States, a constitutional law meaning. Certain taxes may be direct taxes in the colloquial sense but indirect taxes in the constitutional sense or indirect tax In the colloquial sense, an indirect tax (such as sales tax, value added tax , or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer). The intermediary later files a tax return and forwards the tax proceeds to, and may be paid in money Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority."[1] A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."[1]
In modern taxation systems, taxes are levied in money, but in-kind Payment in kind refers to payment for goods or services with a medium other than legal tender and corvée Corvée is labor, often but not always unpaid, that people in power have authority to compel their subjects to perform, unless commuted in some way, such as by a cash payment; sometimes this was an option of the payer, sometimes of the payee, and sometimes not an option. It differs from chattel slavery in that the worker is not owned outright--– taxation are characteristic of traditional or pre-capitalist Capitalism is an economic and social system in which capital, the non-labor factors of production , is privately controlled;[citation needed] labor, goods and capital are traded in markets; and profits distributed to owners or invested in technologies and industries states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics Politics is a process by which groups of people make decisions. The term is generally applied to behavior within civil governments, but politics has been observed in all human group interactions, including corporate, academic and religious institutions. It consists of "social relations involving authority or power" and refers to the and economics Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)". Current economic. Tax collection is performed by a government agency such as Canada Revenue Agency The Canada Revenue Agency (formerly Revenue Canada under the Federal Identity Program) is a federal agency that administers tax laws for the Government of Canada and for most provinces and territories, international trade legislation, and various social and economic benefit and incentive programs delivered through the tax system. It also oversees, the Internal Revenue Service The Internal Revenue Service is the United States federal government agency that collects taxes and enforces the internal revenue laws. It is an agency within the U.S. Department of the Treasury and is responsible for interpretation and application of Federal tax law. The official U.S. Treasury regulations provide (in part): (IRS) in the United States The United States of America is a federal constitutional republic comprising fifty states and a federal district. The country is situated mostly in central North America, where its forty-eight contiguous states and Washington, D.C., the capital district, lie between the Pacific and Atlantic Oceans, bordered by Canada to the north and Mexico to the, or Her Majesty's Revenue and Customs Her Majesty's Revenue and Customs (Welsh: Cyllid a Thollau Ei Mawrhydi) is a non-ministerial department of the British Government primarily responsible for the collection of taxes and the payment of some forms of state support (HMRC) in the UK The United Kingdom of Great Britain and Northern Ireland is a sovereign state located off the northwestern coast of continental Europe. It is an island country, spanning an archipelago including Great Britain, the northeastern part of Ireland, and many small islands. Northern Ireland is the only part of the UK with a land border, sharing it with. When taxes are not fully paid, civil penalties (such as fines The most usual use of the term, fine, relates to a financial punishment for the commission of minor crimes or as the settlement of a claim. A synonym, typically used in civil law actions, is mulct or forfeiture Proponents of seizure suggest that it is a necessary tool to prevent drug trafficking or other crimes. "Asset forfeiture is a law enforcement success story" . Statistics indicate that asset forfeiture has failed to prevent methamphetamine drug crime in South Africa . Former United States president George H. W. Bush said, "[Asset) or criminal penalties (such as incarceration Incarceration is the detention of a person in gaol or prison. People are most commonly incarcerated upon suspicion or conviction of committing a crime. Incarceration rates, when measured by the United Nations, are considered distinct and separate from the imprisonment of political prisoners and others not charged with a specific crime)[2] may be imposed on the non-paying entity or individual.
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A permanent estate tax extension was OK'd by the House may not pass muster in the Senate. But it is expected that lawmakers will keep the estate tax for ...
House votes to keep current estate tax rate Washington Post
House Votes to Restore Estate Tax , Exempt $7 Million Bloomberg
House votes to make current estate tax level permanent Los Angeles Times
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Tax Avoidance Why Pay so much Tax Whilst in business I often wondered why I paid so much
Alessandro Machi
Sun, 06 Dec 2009 13:30:00 GM
I just want to offer a new way to do income . tax. . The key proponent being that income . tax. becomes much much easier to calculate, and that the american consumer only have to pay one entity, and then that entity pays out all the other . tax. ...
