Encyclopedia > Income tax

  Article Content

Income tax

Income tax is a direct tax which is levied on the income of private individuals. Various income tax systems exist. Those range from a flat tax to an extensive progressive tax[?] system.

Taxes levied on the income of companies is called corporate tax[?].

see also tax return, Tax Freedom Day



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Idaho Falls, Idaho

... of which 37.5% have children under the age of 18 living with them, 56.5% are married couples living together, 10.2% have a female householder with no husband present, and ...