It abolishes 20-25%
life's not fair - why should taxes be?
Taxes differ from state to state. 42 cents is probably a fair average.
The more simple, efficient, predictable, and fair your taxes are, the amount you have to pay is smaller.
The fair tax proposal is designed to modify the United States' tax code. It would replace all federal income taxes with a single broad national consumption tax on retail sales of new goods and services.
No, the National Assembly did.
service tax , income tax, sales tax, tds tax, excise tax & other taxes
A tax audit is conducted to ensure that you have paid your fair share of taxes on the money that you (or your company) has earned. They look at revenues, to ensure all are declared, and expenses, to ensure that they are all legitimate.
For the same reason that, even though no one likes taxes, we don't abolish taxes: The revenue is needed to fund various civic operations.
no it is not fair at all. Why should legal citizens of the U.s. who pay taxes pay for all those people who are too lazy to beome a citizen? it is not fair and it needs to stop
flat income tax
There are many different types of taxes including personal and business taxes. Business taxes doesn't include your personal taxes and are generally higher.
In the context of tax, "capacity" often refers to an individual's or entity's ability to pay taxes based on their financial situation, including income, assets, and overall economic circumstances. It can also relate to the government's ability to effectively administer and collect taxes within its jurisdiction. Understanding capacity helps in assessing fair tax burdens and ensuring equitable tax policies.