Pay-as-you-go Tax
Pay as you go (PAYG) is a system for businesses and individuals to pay installments of their expected tax liability on their income from employment, business, or investment for the current income year. When used as an adjective, it is often spelled pay-as-you-go. It is similar to pay-as-you-earn (PAYE) tax, used in the United Kingdom, the Republic of Ireland and other countries.
Read more about Pay-as-you-go Tax: Australia, United States
Famous quotes containing the word tax:
“I find nothing healthful or exalting in the smooth conventions of society. I do not like the close air of saloons. I begin to suspect myself to be a prisoner, though treated with all this courtesy and luxury. I pay a destructive tax in my conformity.”
—Ralph Waldo Emerson (1803–1882)