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An individuals income tax is the tax the government will take from one person's annual income.

The amount of tax will vary depending on the total earnings during the tax year.


The tax will also vary depending on the tax rate set by the country's government in which individuals the earnings were made.



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Cassandra Dibbert

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Q: What is individual income tax?
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Related questions

What is flat tax?

A proportional income tax on individual income with no regard to how large your income is


What is an individual income tax?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year.


What is an individual income tax law?

Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year.


Individual income tax rates are usually this of tax the higher the income the higher the tax rate?

Progressive


Do i need to file a Florida state income tax return?

Florida does not have an individual state income tax. They do have a corporate income tax.


What has the author Deborah A Lasher written?

Deborah A. Lasher has written: 'Individual income tax paid in 1979 by residents and nonresidents and by filing status' -- subject(s): Income tax 'Individual income tax paid in 1977 and 1978 by residents and nonresidents' -- subject(s): Income tax 'Residential fuel, residential fuel conservation, and individual income tax credits claimed in 1979' -- subject(s): Income tax, Tax credits


What is the Income Tax Form number for the State of Georgia Thank you.?

The Georgia State income tax forms are as follows: Form 500: Individual Income Tax Return, Form 500-EZ: Short Individual Tax Return, Form 500-X: Amended Individual Tax Return


What is the relationship of base to rate structure in individual income tax?

the rate structure for the individual income tax has been progressive, meaning that tax rates graduate upward as the base of taxable income increases. Different tax rates apply to ranges of income, called brackets.


What is the term for a tax levied on individual and corporate earnings?

Personal income tax or corporate income tax, it's not that hard to figure out


Individual income tax rates are usually this type of tax?

Progessive/aplus


Does Illinois have flat tax or progressive?

Illinois has a flat tax for individual income.


Which type of tax is imposed on the wages earned by an individual or corporation?

(income tax)