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, tax, income":

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 ... they approved of the proposed measure which, if it had passed, would have ended the 5.3% income tax in Massachusetts on wages, interest, dividends and ...
Income Tax - Transparency/public Disclosure
... Public disclosure of personal income tax filings occurs in Finland, Sweden and Norway. ...
Salisbury-Elk Lick School District - Budget
... The 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 Commonwealth of Pennsylvania ... In the Commonwealth of Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax ...
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 ... 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 ...
Culture Of Rhode Island - Economy
... See also Rhode Island locations by per capita income The Rhode Island economy had a colonial base in fishing ... of abandoned 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 ...

Famous quotes containing the words tax and/or income:

    The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
    Ronald Reagan (b. 1911)

    Strictly speaking, every citizen above a certain level of income is guilty of some offense.
    Max Frisch (1911–1991)