Income Tax

An income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Various systems define income differently, and often allow notional reductions of income (such as a reduction based on number of children supported).

Read more about Income Tax:  Principles of Taxes, History, Around The World, Transparency/public Disclosure

Other articles related to "income tax, income, tax":

Income Tax - Transparency/public Disclosure
... Public disclosure of personal income tax filings occurs in Finland, Sweden and Norway. ...
Culture Of Rhode Island - Economy
... See also Rhode Island locations by per capita income The Rhode Island economy had a colonial base in fishing ... factories—many of them now being used for condominiums, museums, offices, and low-income and elderly housing ... Its 2000 per capita personal income was $29,685, 16th in the nation ...
Salisbury-Elk Lick School District - Budget
... district is funded by a combination of a local income tax, a property tax, a real estate transfer tax, coupled with substantial funding from the ... In the Commonwealth of Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax, regardless of the person's wealth ...
List Of Laws And Reports On LGBT Rights In Ireland - Finance (No. 3) Act 2011
... This act grants civil partners the same tax entitlements as married coupled in income tax, stamp duty (which covers the buying and selling of homes), capital acquisitions tax (w ... Same-sex cohabiting couples are not entitled to the same range of tax entitlements and must enter a civil partnership to avail of this ... Some of the tax entitlements of civil partners have been made retrospective to 1 January 2011 such as capital acquisitions tax and stamp duty ...
Massachusetts State Income Tax Repeal Initiative
... The State Income Tax Repeal, also known as Massachusetts Question 1, was one of the 2008 ballot measures that appeared on the November 4, 2008 ballot in the U.S ... measure which, if it had passed, would have ended the 5.3% income tax in Massachusetts on wages, interest, dividends and capital gains ...

Famous quotes containing the words tax and/or income:

    I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.
    Henry David Thoreau (1817–1862)

    The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.
    Rutherford Birchard Hayes (1822–1893)