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  • concept
  • The concept of taxing income is a modern innovation and presupposes several things: a money economy , reasonably accurate accounts , a common understanding of receipts, expenses and profits , and an orderly society with reliable records. (wikipedia.org)
  • In concept, the tax would spare the earnings of the working person and productive entrepreneur, and fall on unearned gains that arose from land and resources or the exercise of monopoly power in all its subtle forms. (schalkenbach.org)
  • year
  • When you receive your annual T4 slip it shows the total gross amount of income you earned in the prior year and the taxes and other deductions that were withheld at source. (astute-business-services.com)
  • The deductions that your employer has withheld throughout the year have been remitted to the Canada Revenue Agency (CRA) as a prepayment of your personal taxes. (astute-business-services.com)
  • Calculating based on what you estimate will be your current year taxes owed. (astute-business-services.com)
  • However, if you miscalculate the amount of expected taxes owed and you have remitted an amount which is less than the actual amount of taxes that are owed for the current year or an amount which is less than what your instalment obligation would have been under the lesser of Option 1 and Option 2, you will be subject to interest and possibly penalties for the insufficient instalments remitted. (astute-business-services.com)
  • federal
  • For all the partisan polemics and chest-thumping about "radical reform" there is little disagreement on this basic point: the federal tax burden should fall mainly on work. (schalkenbach.org)
  • In that case, the U.S. Supreme Court will decide whether the state of Virginia must pay more than $400 million in refunds to federal retirees who were taxed unconstitutionally. (americanbanker.com)
  • public
  • After his career in public accounting, David took a position as the manager of income taxes with Proto Labs, Inc. based in Maple Plain, MN. (csbsju.edu)
  • rate
  • The tax rate under normal circumstances was 1% and sometimes would climb as high as 3% in situations such as war. (wikipedia.org)
  • The rate of interest charged on unpaid Corporation Tax for accounting periods ending on or after 1 October 1993 (under CT (Pay and File)) has increased from 5.75 per cent to 6.75 per cent. (accountancyage.com)
  • The rate of interest on unpaid Corporation Tax for accounting periods ending on or after 1 July 1999 (other than underpaid CT instalments) has increased from 7.5 per cent to 8.5 per cent. (accountancyage.com)
  • The rate of interest on overpaid Corporation Tax for accounting periods ending after 1 July 1999, in respect of periods after the normal due date, has increased from 4 per cent to 5 per cent. (accountancyage.com)
  • generally
  • Taxpayers not timely paying tax owed are generally subject to significant penalties, which may include jail for individuals or revocation of an entity's legal existence. (wikipedia.org)
  • needs
  • The work tax system penalizes the human qualities the nation most needs to encourage-ingenuity, intelligence, constructive endeavor of all kinds. (schalkenbach.org)
  • authorities
  • Governor Deval Patrick started making the case for higher taxes Monday when he endorsed a plan from the state department of transportation to increase spending by more than $1 billion a year on the highway system, commuter rail and regional transit authorities. (wamc.org)
  • In the United States, some states and taxing authorities distinguish between the initial setup fee for Internet access and the monthly, hourly, or per-minute billing fee for actual access. (wikipedia.org)
  • To get rid of a lien, the taxpayer must pay what he or she owes, get the debt dismissed in bankruptcy court or reach an offer in compromise with the tax authorities. (wikipedia.org)
  • All the required information is provided in this application form to register at tax authorities, State Social Protection Fund and State Statistics Committee. (wikipedia.org)
  • jurisdictions
  • In the United States alone, some 30,000 taxing jurisdictions could otherwise have laid claim to taxes on a piece of the Internet. (wikipedia.org)
  • Because of this constitutional prohibition on collecting sales tax from so-called "remote" sales on the Internet, the issue of local jurisdictions taxing goods and services purchased from out of state by their residents using the Internet has not yet raised the conceptual questions discussed below. (wikipedia.org)
  • In response to widespread concerns about a general increase in the temperature of the earth's climate, a number of tax jurisdictions have proposed or imposed global warming taxes intended to generate revenues to mitigate the effects of the human activities contributing to global warming or to discourage such activities. (wikipedia.org)
  • The three northern jurisdictions are heavily subsidized by the federal government, and its residents receive some additional tax concessions due to the high cost of living in the north. (wikipedia.org)
  • 2001
  • If the Democrats and Republicans can reach an agreement on taxes the probable outcome is a one- or two-year extension of the Bush 2001 and 2003 tax cuts, AMT, business and individual tax extenders that expired in 12/31/09 and estate and gift tax back to the 2009 levels of a $3.5 million exemption and a 45% tax rate. (lexology.com)
  • Law of 10.08.2001 (B.O.J.20.09.2001) with reform of personal income tax. (europa.eu)
  • The double dipping (GST imposed on the excise tax) was fully compensated for by lowering the excise at the time the GST was introduced in 2001 but is still used by motoring groups to convince motorists they are being ripped off. (wikipedia.org)
  • In 2001, the Howard Government adjusted the excise rates because of the introduction of the GST and stopped the automatic indexation of the fuel excise tax. (wikipedia.org)
  • Revenues
  • The City of Pittsfield is in the process of forming a committee to explore a Payments in Lieu of Taxes - or PILOT - program - aimed at local non-profits, in order to possibly generate additional revenues for city services. (wamc.org)
  • If even one dollar of the revenues from a carbon tax is used for anything except cutting other taxes, the scheme is a net tax increase and a Pledge violation. (globalwarming.org)
  • Gross receipts tax, a tax on revenues received by a corporation, even if they don't profit. (wikipedia.org)
  • Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. (wikipedia.org)
  • taxation
  • The 1998 Internet Tax Freedom Act halted the expansion of direct taxation of the Internet, grandfathering existing taxes in ten states. (wikipedia.org)
  • Internet access taxes normally take the form of taxation on Internet service provider (ISP) access charges. (wikipedia.org)
  • Ten states (which were grandfathered under the Internet Tax Freedom Act as part of a political compromise) are allowed to provide for some manner of taxation on ISP charges. (wikipedia.org)
  • John Crawfurd in 1836 attempted an account of the "taxes on knowledge" total, including amounts for taxation of paper and advertisements, and postal charges. (wikipedia.org)
  • The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year. (wikipedia.org)
  • Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale based on annual income amounts, and some countries impose almost no taxation at all, or a very low tax rate for a certain area of taxation. (wikipedia.org)
  • this is often referred to as double taxation as the individual shareholder(s) receiving this payment from the company will also be levied some tax on that personal income. (wikipedia.org)
  • The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. (wikipedia.org)
  • Therefore, most[quantify] economists, especially neoclassical economists, argue that taxation creates market distortion and results in economic inefficiency unless there are (positive or negative) externalities associated with the activities that are taxed that need to be internalized to reach an efficient market outcome. (wikipedia.org)
  • taxpayer
  • Nearly all Republicans in Congress have signed the Taxpayer Protection Pledge , a promise not to increase the net tax burden on their constituents. (globalwarming.org)
  • Even if the Taxpayer Protection Pledge did not exist, the GOP is currently the anti-tax, pro-energy alternative to a Democratic leadership that is aggressively anti - energy and pro-tax. (globalwarming.org)
  • These two features of tax liens effectively prevent the sale or refinancing of assets to which liens have been attached, and prevent the delinquent taxpayer from borrowing money. (wikipedia.org)
  • If one has a right to tax refunds, the IRS will not hand the refund to the taxpayer until he or she has repaid the back taxes. (wikipedia.org)
  • If the assessment is confirmed or varied, the taxpayer may appeal the decision to the Tax Court of Canada and then to the Federal Court of Appeal. (wikipedia.org)
  • A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. (wikipedia.org)
  • 1993
  • Death & Taxes is a 1993 documentary film directed by Jeffrey F. Jackson about Gordon Kahl, a tax protester who was killed in a shootout with local law enforcement officials in Smithville, Arkansas in 1983. (wikipedia.org)
  • 1996
  • In 1996, several U.S. states and municipalities began to see Internet services as a potential source of tax revenue. (wikipedia.org)
  • burdensome
  • European business interests are lobbying Philippine President Benigno Aquino to legislate an "open skies" policy which would bring down "burdensome" aviation taxes. (globalpolicy.org)
  • Opponents also suggest that hundreds of different green taxes would be burdensome and confusing, creating a wave of political problems as each new tax appeared to target a particular section of society. (newint.org)
  • America
  • scholarship suggests that in the United States of America, the federal government effectively taxes investments in higher education more heavily than it subsidizes higher education, thereby contributing to a shortage of skilled workers and unusually high differences in pre-tax earnings between highly educated and less-educated workers. (wikipedia.org)
  • cuts
  • Bush-era income tax cuts and capital gains tax cuts become permanent. (yahoo.com)
  • Brown and Warren both support extending Bush-era tax cuts for families earning less than $250,000 per year. (wamc.org)
  • Warren, however, wants the cuts to expire after December 31 for those above that income level, while Brown would extend cuts for Americans in all tax brackets. (wamc.org)
  • 1999
  • This type of tax was mentioned in a 1999 report by the United Nations Development Program entitled "Globalization With a Human Face", as a type of bit tax which would raise an estimated $70 billion (US) if implemented globally. (wikipedia.org)
  • regressive
  • However, critics charge that green taxes are regressive because they hit poorer people relatively harder than richer. (newint.org)
  • Secondly, while it's true that a tax which falls on consumers 'downstream' at the end of the economic pipe will hit poor people harder than rich (on household energy for example), a tax 'upstream' at the beginning of the economic pipe will not be so regressive. (newint.org)
  • To avoid having the tax being regressive, the tax system would also provide a rebate to every citizen subject to the tax. (wikipedia.org)
  • 1991
  • In October 1991, the department was closed within the Ministry of Finance and reopened as the Main State Tax Inspection. (wikipedia.org)
  • 1983
  • The documentary focuses on Kahl, a tax protester that was killed as part of a shootout in Arkansas in 1983. (wikipedia.org)
  • 2000
  • On February 11, 2000 by the Presidential Decree, the Main State Tax Inspection was abolished and Ministry of Taxes established on its basis. (wikipedia.org)
  • incentive
  • The Plant Rehabilitation and Industrial Development Districts Act, (known as the Industrial Facilities Exemption) PA 198 of 1974, as amended, provides a tax incentive to manufacturers to enable renovation and expansion of aging facilities, assist in the building of new facilities, and to promote the establishment of high tech facilities. (michigan.gov)
  • The tax created an incentive for non-Muslim traders to convert into Muslims thereby escape the Ushr tax disadvantage. (wikipedia.org)
  • There are also a number of various grants and incentive schemes involving tax credits and rebates that generally apply to businesses or industries that rely heavily on the use of fuels, such as transport and aviation. (wikipedia.org)
  • The Conservatives (Tories) opposed income tax as they wanted to attract immigrants primarily from the United Kingdom and the United States, and they wanted to give immigrants some incentive to come to Canada. (wikipedia.org)
  • sales tax
  • If the last time you filed sales tax was 1/17, you need to create a TNTAP logon to file this year. (tn.us)
  • Amazon.com is opening a research facility in Cambridge and is acquiring a robotics facility in North Reading, and some are now wondering if the company is subject to the Massachusetts sales tax. (wamc.org)
  • Sales tax is a tax on retail sales. (wikipedia.org)
  • FairTax is a proposal to replace every tax in a particular country with a single retail sales tax. (wikipedia.org)
  • Use tax, a tax charged on an item purchased in an area without a sales tax when brought to areas that has one. (wikipedia.org)
  • California Assembly Bill 2558 would hand the Los Angeles County Metropolitan Transportation Authority, which operates bus and light rail service, the authority to impose either a three-percent sales tax on gas (11 cents per gallon at current prices) or a $90 hike in vehicle registration taxes. (wikipedia.org)
  • Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. (wikipedia.org)
  • Separate provincial sales taxes (PST) are collected in the provinces of British Columbia, Saskatchewan, Manitoba (Retail Sales Tax or RST) and Quebec (Quebec Sales Tax or QST, French: Taxe de vente du Québec or TVQ). (wikipedia.org)
  • In all provinces where the provincial sales tax is collected, the tax is imposed on the sale price without GST (in the past, in Quebec and Prince Edward Island, PST was applied to the combined cost and GST). (wikipedia.org)
  • The GST/HST: Creating an Integrated Sales Tax in a Federal Country. (wikipedia.org)
  • inheritance
  • Inheritance tax, a tax paid on money gained through inheritance Negative income tax, an income tax where the poor receive payment from the government, instead of owing taxes. (wikipedia.org)
  • Vicesima hereditatium was a 5% inheritance tax, close relatives were exempt from paying it. (wikipedia.org)
  • raise
  • But, while these "solidarity contributions" will raise funds for development, many argue that the taxes are too low to have any impact on airplane travel. (globalpolicy.org)
  • UNITAID, receiving the bulk of its funds from French taxes on airline tickets, will raise US$300 million in 2006, a number that French Foreign Minister Philippe Douste-Blazy expects will rise to almost US$1 billion by 2008. (globalpolicy.org)
  • With a tax on international airline tickets France, Britain, Norway, Brazil and Chile together expect to raise $300 million in 2007 to help pay for the treatment of children with AIDS, tuberculosis and malaria in poor countries. (globalpolicy.org)
  • The main fight is over Obama's proposal to raise federal income taxes on Americans making over $250,000 a year. (freedomworks.org)
  • A government's ability to raise taxes is called its fiscal capacity. (wikipedia.org)
  • yearly
  • Before the agreement, there were dire predictions that many middle-class Americans could see their yearly tax bills go up by some three thousand dollars, if Congress and the White House did not agree on a tax and spending plan by the time the ball dropped in Times Square. (wamc.org)
  • The first 1,830 euro (for 2012 income) bracket of a yearly income from ordinary savings deposits is exempted from withholding tax on movable property if the beneficiary is a natural person. (europa.eu)
  • jizya - a per capita yearly tax historically levied by Islamic states on certain non-Muslim subjects-dhimmis-permanently residing in Muslim lands under Islamic law, the tax excluded the poor, women, children and the elderly. (wikipedia.org)
  • percentage
  • The Tennessee franchise tax is a small percentage of the total value of the business or the value of the tangible property that is owned or used in the state - whichever is greater. (tennesseeanytime.org)
  • The Tennessee excise tax is a percentage of taxable income. (tennesseeanytime.org)
  • On the basis of theevidence, we find that a 10 percentage point rise in the tax wedge will reduce overall labourinput provided via the market by around 2 per cent of the population of working age. (repec.org)
  • taxable
  • Texas has refined its tax code to define "Internet access service", include it under "Taxable Services" and exempted the first $25.00 on a monthly basis, See current Texas Tax Code § 151.325 & 151.0101(a) E-mail tax is a specific type of bit-tax, which would tax based on volume of email sent or received, quantified either by number of messages or data size of the messages. (wikipedia.org)
  • They do this in order to distribute the tax burden among individuals or classes of the population involved in taxable activities, such as the business sector, or to redistribute resources between individuals or classes in the population. (wikipedia.org)
  • withheld
  • If you receive additional compensation above the level of the training grant stipend, some tax may be withheld from that portion of your pay. (washington.edu)
  • You might need an additional amount withheld from your paycheck so that you won't owe taxes in April. (washington.edu)
  • Ministry of Fina
  • With the breakup of the Soviet Union and gradual transition from command to market economy, tax collection was assigned to the newly established Tax Inspection Department within the Ministry of Finance of Azerbaijan Republic in July 1990. (wikipedia.org)
  • Romney
  • President Barack Obama is accusing Republican Mitt Romney of caving under pressure from Rush Limbaugh for saying that requiring all Americans to buy health insurance amounts to a tax. (wamc.org)
  • fuels
  • Fuel excise is a tax levied on fuels, especially for motor vehicles. (wikipedia.org)
  • The excise tax on commonly used fuels in Australia as of October 2016, which applied from the 1 August 2016, was as follows: A$0.396 per litre on unleaded petrol fuel (including standard, blended (E10) and premium grades) A$0.396/0.40143 per litre on diesel fuel (ultra-low sulphur/conventional) A$0.129 per litre on liquified petroleum gas used as fuel (autogas or LPG as it is commonly known in Australia). (wikipedia.org)
  • India
  • Historical medieval era trade documents between Oman and India, refer to this tax on ships arriving at trade port as ashur or ushur. (wikipedia.org)
  • Salt taxes in France, India and Russia were significant contributors to revolutions or uprisings in those countries. (wikipedia.org)
  • cigarettes
  • If you purchase unstamped cigarettes or little cigars or untaxed tobacco products including but not limited to cigars, manufactured tobacco and snuff, then you are subject to Tennessee's tobacco products tax. (tn.us)
  • E-cigarettes are also excluded from tax. (tn.us)
  • I think cigarettes should be taxed. (terrificpets.com)
  • I just think it isn't fair that cigarettes were singled out for this higher tax. (terrificpets.com)
  • This includes taxes on alcohol and cigarettes. (wikipedia.org)
  • Economics
  • Employment and taxes ," LSE Research Online Documents on Economics 19955, London School of Economics and Political Science, LSE Library. (repec.org)
  • In his honor, economics textbooks now call them "Pigovian taxes. (wikipedia.org)
  • Republican
  • Republican Senator Scott Brown and Democratic challenger Elizabeth Warren have sharp differences when it comes to taxes, with both claiming their policies would lower taxes for the middle class. (wamc.org)
  • Endorsing a massive new energy tax would damage the product differentiation that gives people a reason to vote Republican. (globalwarming.org)
  • state
  • Retailers and consumers purchasing untaxed tobacco products from out-of-state are required to pay the tax. (tn.us)
  • Massachusetts Governor Deval Patrick is expected to call for higher taxes in his State of the Commonwealth address tonight. (wamc.org)
  • In other words, a retailer must have a physical presence in the state to pay sales taxes. (wamc.org)
  • Last minute tax filers in Massachusetts have until midnight to double-check their math before submitting their state and federal tax returns this year. (wamc.org)
  • These are the main taxes that the state charges businesses to operate in the state. (tennesseeanytime.org)
  • The State Tax Commission (STC) is ultimately responsible for final approval and issuance of certificates. (michigan.gov)
  • Jack Daniel's is turning to state lawmakers to ensure that distillers aren't subject to property tax on whiskey barrels in Tennessee, which the company says it hasn't. (nypost.com)
  • If the Muslim state was incapable of extending such protection to non-Muslims, it was not supposed to levy a poll tax. (wikipedia.org)
  • Such issues are important not only for practical reasons of determining the incidence of the tax and its enforcement, but also because the U.S. Constitution requires that a state or taxing sub-jurisdiction have "nexus" with the transaction in order to exert its taxing power, and that determination rests precisely upon such considerations. (wikipedia.org)
  • For state authorized wagers placed with bookmakers and lottery operators there is a tax of 0.25% of the wager, if it is legal. (wikipedia.org)
  • Vectigal was a tax on occupiers of Roman state land (ager publicus). (wikipedia.org)
  • In 2007, the ministry introduced its online collection page under State Tax Administration Improvement Program due to high economic growth with number of businesses growing rapidly for the last few years. (wikipedia.org)
  • When taxes are not fully paid, the state may impose civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) on the non-paying entity or individual. (wikipedia.org)
  • brackets
  • While Boehner claims he is opposed to raising the top two income tax brackets, some worry that he will accept a bad tax-hiking deal in order to stop the sequester. (freedomworks.org)
  • avert
  • Lobbyists representing the medical device industry have been urging Congress to include a postponement of the tax as part of any compromise to avert the so-called fiscal cliff. (wamc.org)
  • scheme
  • The second phase of the Australian Fuel Tax Credits Scheme came into effect on 1 July 2008. (wikipedia.org)
  • pollution
  • So taxing energy at source will help to reduce resource use and pollution at every level and in every sector of the economy. (newint.org)
  • The British economist Arthur Pigou advocated such corrective taxes to deal with pollution in the early 20th century. (wikipedia.org)
  • local
  • An Industrial Facilities Exemption (IFE) certificate entitles the facility to exemption from ad valorem real and/or personal property taxes for a term of 1-12 years as determined by the local unit of government. (michigan.gov)
  • probable
  • The federal Liberal Party considered the probable need to introduce an income tax should their negotiation of a free trade agreement with the United States in the early 20th century succeed, but the Conservatives defeated the Liberals in 1911 over their support of free trade. (wikipedia.org)
  • franchise fees
  • The states used to levy fuel franchise fees until the High Court of Australia in Ha v New South Wales (1997) ruled that a licence fee based on the value of tobacco was unconstitutional, as it was an excise tax that only the Commonwealth can levy. (wikipedia.org)
  • income tax
  • Personal income tax is due by the inhabitants of the Kingdom, i.e. the persons whose domicile or whose seat of wealth is located in Belgium. (europa.eu)
  • Pay-as-you-earn tax is a tax paid on each paycheck to pay towards income tax. (wikipedia.org)
  • Canadian federal income taxes, both personal and corporate are levied under the provisions of the Income Tax Act. (wikipedia.org)
  • The Canadian income tax system is a self-assessment regime. (wikipedia.org)
  • Unlike the United Kingdom and the United States, Canada avoided charging an income tax prior to the First World War. (wikipedia.org)
  • The lack of income tax was seen as a key component in Canada's efforts to attract immigrants as Canada offered a lower tax regime compared to almost every other country. (wikipedia.org)
  • Wartime expenses forced the Tories to re-consider their options and in 1918, the wartime government under Sir Robert Borden, imposed a "temporary" income tax to cover expenses. (wikipedia.org)
  • With the election of the Liberal government of Prime Minister William Lyon Mackenzie King, much of the National Policy was dismantled and income tax has remained in place ever since. (wikipedia.org)
  • federal tax
  • For over a century, the federal tax code catered to homeowners and treated renters like second-class citizens. (nypost.com)
  • Content
  • Taxes on knowledge was a slogan defining an extended British campaign against duties and taxes on newspapers, their advertising content, and the paper they were printed on. (wikipedia.org)
  • profits
  • Corporate tax is levied on the earnings or profits of a corporation. (wikipedia.org)
  • Windfall profits tax is a tax on profits gained by a company that has some kind of large unexpected profit. (wikipedia.org)