Tax: Difference between revisions

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{{infobox4
The term "tax" comes from the Latin taxo, what means rate in English. A tax is usually defined as e financial charge or other levy imposed upon an individual person or legal entity, which is named as "taxpayer", by a state or the functional equivalent of a state such that failure to pay is punishable by law.
|list1=
<ul>
<li>[[Direct tax]]</li>
<li>[[Takaful]]</li>
<li>[[Budget expenditure of the local government]]</li>
<li>[[Rate base]]</li>
<li>[[Financial resources]]</li>
<li>[[Non-profit organization]]</li>
<li>[[Beneficiary Of Trust]]</li>
<li>[[Consumer income]]</li>
<li>[[Gross revenue]]</li>
</ul>
}}
 
 
The term “tax” comes from the Latin taxo, what means rate in English. A tax is usually defined as e financial charge or other levy imposed upon an individual person or legal entity, which is named as “taxpayer”, by a state or the functional equivalent of a state such that failure to pay is punishable by law.


==Functions==
==Functions==
 
:[[Money]] earned by taxation are used by states and their functional organs in order to carry out many functions. The functions in question usually comprise war expenditures, the enforcement of law and public procedures, property protection, [[economic infrastructure]] like roads and legal tender, public [[work]]s, social engineering and [[government]] activities. A part of taxes are also used to pay off the state’s debt, as well as the [[interest]] this debt accumulates. State governments may also used taxes to fund welfare and various public [[service]]s, such as: [[education]] systems, systems of the health care, pensions for elderly citizens, [[unemployment]] compensations, public [[transport]] etc.  
:[[Money]] earned by taxation are used by states and their functional organs in order to carry out many functions. The functions in question usually comprise war expenditures, the enforcement of law and public procedures, property protection, [[economic infrastructure]] like roads and legal tender, public [[work]]s, social engineering and [[government]] activities. A part of taxes are also used to pay off the state’s debt, as well as the [[interest]] this debt accumulates. State governments may also used taxes to fund welfare and various public [[service]]s, such as: [[education]] systems, systems of the health care, pensions for elderly citizens, [[unemployment]] compensations, public [[transport]] etc.  


==Division==
==Division==
:Taxes may also be imposed by various administrative divisions, and they are usually divided into direct and indirect taxes, which may be paid in [[money]] or in form of labour equivalent.
:Taxes may also be imposed by various administrative divisions, and they are usually divided into direct and indirect taxes, which may be paid in [[money]] or in form of labour equivalent.


==Types of taxes==
==Types of taxes==
 
# Income taxes - Various jurisdictions tax the income of individuals and [[company]] entities or corporations.
# Income taxes – Various jurisdictions tax the income of individuals and [[company]] entities or corporations.
# Social security contributions - Comprising publicity founded retirement or systems of the health care.
# Social security contributions – Comprising publicity founded retirement or systems of the health care.
# Payroll and [[workforce]] taxes - [[Unemployment]] and similar taxes, which are often imposed on employers on the basis of the payroll.
# Payroll and [[workforce]] taxes – [[Unemployment]] and similar taxes, which are often imposed on employers on the basis of the payroll.
# Property taxes - Recurrent taxes are usually imposed on immovable property named as real property. What's more, recurrent taxes may also by imposed on the net wealth of individuals and companies.
# Property taxes – Recurrent taxes are usually imposed on immovable property named as real property. What's more, recurrent taxes may also by imposed on the net wealth of individuals and companies.
# Taxes comprising goods and [[service]]s. These taxes are usually divides into:  
# Taxes comprising goods and [[service]]s. These taxes are usually divides into:  
:* [[Value added tax]] (VAT) – it is goods and services tax.
:* [[Value added tax]] (VAT) - it is goods and services tax.
:* Sales tax
:* Sales tax
:* Excises
:* Excises
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* [[Tax office]]
* [[Tax office]]
* [[Common consolidated corporate tax base]]
* [[Common consolidated corporate tax base]]
{{infobox5|list1={{i5link|a=[[Direct tax]]}} &mdash; {{i5link|a=[[Takaful]]}} &mdash; {{i5link|a=[[Budget expenditure of the local government]]}} &mdash; {{i5link|a=[[Rate base]]}} &mdash; {{i5link|a=[[Financial resources]]}} &mdash; {{i5link|a=[[Non-profit organization]]}} &mdash; {{i5link|a=[[Beneficiary Of Trust]]}} &mdash; {{i5link|a=[[Consumer income]]}} &mdash; {{i5link|a=[[Gross revenue]]}} }}


==References==
==References==
Line 45: Line 28:


{{a|Julia Pasierbiewicz}}
{{a|Julia Pasierbiewicz}}
[[Category:Macroeconomics]]
[[Category:Macroeconomics]]
[[pl:Podatek]]
[[pl:Podatek]]

Latest revision as of 05:39, 18 November 2023

The term "tax" comes from the Latin taxo, what means rate in English. A tax is usually defined as e financial charge or other levy imposed upon an individual person or legal entity, which is named as "taxpayer", by a state or the functional equivalent of a state such that failure to pay is punishable by law.

Functions

Money earned by taxation are used by states and their functional organs in order to carry out many functions. The functions in question usually comprise war expenditures, the enforcement of law and public procedures, property protection, economic infrastructure like roads and legal tender, public works, social engineering and government activities. A part of taxes are also used to pay off the state’s debt, as well as the interest this debt accumulates. State governments may also used taxes to fund welfare and various public services, such as: education systems, systems of the health care, pensions for elderly citizens, unemployment compensations, public transport etc.

Division

Taxes may also be imposed by various administrative divisions, and they are usually divided into direct and indirect taxes, which may be paid in money or in form of labour equivalent.

Types of taxes

  1. Income taxes - Various jurisdictions tax the income of individuals and company entities or corporations.
  2. Social security contributions - Comprising publicity founded retirement or systems of the health care.
  3. Payroll and workforce taxes - Unemployment and similar taxes, which are often imposed on employers on the basis of the payroll.
  4. Property taxes - Recurrent taxes are usually imposed on immovable property named as real property. What's more, recurrent taxes may also by imposed on the net wealth of individuals and companies.
  5. Taxes comprising goods and services. These taxes are usually divides into:
  • Value added tax (VAT) - it is goods and services tax.
  • Sales tax
  • Excises
  • Tariff

See also:


Tax — recommended articles
Direct tax — Takaful — Budget expenditure of the local government — Rate base — Financial resources — Non-profit organization — Beneficiary Of Trust — Consumer income — Gross revenue

References

Author: Julia Pasierbiewicz

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