The estate tax is the best example.
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
Sales tax Income tax Property tax Inflation tax Inheritance tax Poll tax Social Security tax Tariff tax Wealth Tax Financial transaction tax Expatriation tax Currency transfer tax Environmental tax Capital gains tax Bank tax
A personal tax is a direct tax levied on a taxpayer. One example of a personal tax is the tax imposed on the income of a person.
There are several options that offer tax-exemptions on the federal level but not always on the state or local level. One example of an option that allows interest to be tax-exempt are municipal bonds. Tax laws vary by state so the tax-exemption may be void for a resident purchasing a bond in another state.
Real estate tax
Redistributing wealth involves transferring money or resources from those with more to those with less, aiming to reduce economic inequality. This can be done through policies like progressive taxation, social welfare programs, and wealth inheritance taxes. The goal is to create a more equal distribution of wealth in society.
direct tax
Wealth Tax has been abolished in Pakistan since 2002.
The two examples of direct tax is Income tax and Wealth tax.
Income Tax, Sales Tax (VAT), Wealth Tax
The two examples of direct tax is Income tax and Wealth tax.
A family can hold wealth below Rs. 30 lakhs value without paying wealth tax. Above this limit children are creamy layer. Exemptions from wealth tax are available in central government "wealth tax act".
The assets owned by a private person are subject to wealth tax, when the assets are transferred to the beneficiary. The wealth tax are used by the state in order to redistribute wealth in society . In the UK, at different times , it was called variously: the estate duty, tax on transfer of capital (capital transfer tax) and currently existing inheritance tax . Assets ( real estate, stocks , bonds, etc. ), the value of which does not exceed 250 thousand , are not subject to taxation . The wealth tax is charged on the basis of a flat tax rate of 40% with the assets whose value is above of 250 thousand.
Sajjad Hassan has written: 'Wealth tax made easy' -- subject(s): Law and legislation, Wealth tax
There is no such thing as a Wealth Tax in the United States. Please let me know what you are actually asking and I will try to help you.
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)