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The rate of income tax varies in different countries depending on the income, country, economic policies etc. It is also differing in case of persons with businesses. Generally all countries are charging income tax. The tax collected is used for the welfare of the people. But certain countries are not imposing income tax on their people. The following is a list of countries that do not collect income tax:
Published by valli sarvani 73 months ago in Tax & Taxes | +18 votes | 14 comments
Looking for ways to keep the taxman from knocking at your door? Tax audit triggers are a major concern for even the most honest, hard-working American taxpayers, and with good reason.
Published by Stacy Calvert 88 months ago in Tax & Taxes | +8 votes | 4 comments
How to use various government programs and commercial websites to file your federal taxes for free.
Published by Daniel Snyder 74 months ago in Tax & Taxes | +6 votes | 3 comments
How to go through the process of having your property taxes reassessed by reviewing your home value assessment.
Published by Daniel Snyder 77 months ago in Tax & Taxes | +17 votes | 3 comments
To collect and remit taxes as an employer, you need to use IRS Form SS-4 to receive an employer tax number. If the state in which you operate also collects income tax, you will need a state tax number.
Published by Levy Dalumpines 83 months ago in Tax & Taxes | +5 votes | 3 comments
Which medical expenses can be deducted ? Can medical expenses be deducted from tax ? How to know which medical expenses can be deducted ? Who's medica lexpenses can be deducted ? What is deduction for medical expenses ? Which medical expenses are included in itemized deduction? can dedntal expenses be deducted? How to claimmedical expenses ? What is qualifying child? What is qualifying relative ?
Published by V Kumar 85 months ago in Tax & Taxes | +12 votes | 3 comments
What is standard deduction? How much is standard deduction? How miuch is standard deduction for aged, How much is standard deduction for blind? Standard deduction or itemized deduction?
Published by V Kumar 85 months ago in Tax & Taxes | +9 votes | 3 comments
Published by Donald Pennington 101 months ago in Tax & Taxes | +4 votes | 3 comments
How to protect your wealth when giving gifts, donations, or gifts of equity. Family Limited Partnerships are also discussed.
Published by Daniel Snyder 102 months ago in Tax & Taxes | +9 votes | 3 comments
Response to Sara Valor article
Published by Ngozi Nwabineli 107 months ago in Tax & Taxes | +2 votes | 3 comments
Advantages and disadvantages of Direct Taxes Advantages of Direct Taxes Direct and indirect taxes have advantages of their own. Direct taxes have some merits and so have the indirect taxes. Direct taxes have the following advantages in their favor: — 1. Equitable. The burden of direct taxes cannot be shifted. Hence, equality of sacrifice can be attained through progression. Of course, the very low incomes can be exempted.
Published by Niitesh Mundra 73 months ago in Tax & Taxes | +1 votes | 2 comments
Different types of taxes The most significant supply of state revenue is taxes today. Taxes are an obligatory payment which every individual reaching the assessable limits needs to pay. They are normally imposed with the aim of raising funds by the government. Taxes have been variously grouped as: 1. Progressive tax; 2. Proportional Tax; 3. Progressive tax; 4. Regressive tax;
Published by Niitesh Mundra 73 months ago in Tax & Taxes | +1 votes | 2 comments
To be able to claim a home office tax deduction, a section of your home must be reserved for business use. Most small business owners set up in a spare bedroom, den, or garage. The IRS will not recognize a room as being used exclusively for business purposes if it contains your home entertainment center.
Published by Levy Dalumpines 83 months ago in Tax & Taxes | +2 votes | 2 comments
What is independent contractor health deduction ? How to deduct health insurance by independent contractor ? How much can independent contractor deduct as health insurance ? What is self employed health insurance deduction ?
Published by V Kumar 86 months ago in Tax & Taxes | +6 votes | 2 comments
Troubled with taxes? Here are simple yet effective tips to avoid last minute tax hold ups.
Published by Mark 93 months ago in Tax & Taxes | +6 votes | 2 comments
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