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, income tax, tax":

Culture Of Rhode Island - Economy
... See also Rhode Island locations by per capita income The Rhode Island economy had a colonial base in fishing ... 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 ...
Income Tax - Transparency/public Disclosure
... Public disclosure of personal income tax filings occurs in Finland, Sweden and Norway. ...
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 ... 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 capital gains ...
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 (which covers the inheritance of ... 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 ...
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 ... 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 ...

Famous quotes containing the words tax and/or income:

    But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, ‘God, be merciful to me, a sinner!’
    Bible: New Testament, Luke 18:13.

    The secret of success lies never in the amount of money, but in the relation of income to outgo.
    Ralph Waldo Emerson (1803–1882)