The principles of good tax system is that it is efficient, understandable and equitable. The benefit principle is also another principle of a good tax system.
If something is "sound" it means that it is does not have any flaws or defects. Therefore a "sound" Tax system would be one that worked effectively.
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
briefly explain the tax system of Sierra Leone
FICA stands for a payroll tax used to fund the Social Security system.
The principles of good tax system is that it is efficient, understandable and equitable. The benefit principle is also another principle of a good tax system.
If something is "sound" it means that it is does not have any flaws or defects. Therefore a "sound" Tax system would be one that worked effectively.
global tax mean there is double taxation, but at territorial there is one tax only
In 1066 England was a rich and sophisticated country with a good law system. There was lots of food and a good tax system
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
briefly explain the tax system of Sierra Leone
briefly explain the tax system of Sierra Leone
Do you mean pay-as-you-earn? In the UK? AKA PAYE
tax system is fair
The proportional tax system refers to the same percentage of tax regardless of the taxpayer's earnings. Proportional tax is also called as a flat tax.
FICA stands for a payroll tax used to fund the Social Security system.
I could find no such thing as a "tax representation chart". It's not clear what you actually mean, here.