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What is the term for the percentage at which individuals and businesses are taxed on goods and services?
tax rate (A+)
What are somethings that can be taxed?
Various items and activities can be taxed, including income earned by individuals and businesses, sales of goods and services, property ownership, and capital gains from investments. Additionally, specific goods such as tobacco, alcohol, and fuel often carry excise taxes. Some jurisdictions also impose taxes on activities like inheritance and gifts. Finally, certain environmental taxes may target pollution and carbon emissions.
Do you get taxed at the age of 14?
No, not in the UK, you get taxed when you are 16
Does the IRS tax you on your checking account savings without interest?
No. You should only be taxed on income, not on your savings.
What are some things that you can't be taxed on?
all i no is that groceries cant be taxed
What is the term for the percentage at which individuals and businesses are taxed on goods and services?
tax rate (A+)
Do you have to report tips and should they be taxed?
Tips must be reported for taxes, and they are taxed. Whether they should or should not be is a matter of personal opinion.
Should candy be taxed?
NO
Should items be taxed?
yes
What are somethings that can be taxed?
Various items and activities can be taxed, including income earned by individuals and businesses, sales of goods and services, property ownership, and capital gains from investments. Additionally, specific goods such as tobacco, alcohol, and fuel often carry excise taxes. Some jurisdictions also impose taxes on activities like inheritance and gifts. Finally, certain environmental taxes may target pollution and carbon emissions.
Adam Smith-Equity as a canon of taxation?
According to canon of Adam Smith poor should be taxed less and rich should be taxed more
What amendment says that all people get taxed the same?
All people do not get taxed the same, and no amendment says that they should or do.
Which form of business organization is taxed twice?
a C corporation the corporation is a separate entity who's profits are taxed then what's left of those profits are distributed/shared by the individual share holders who will be taxed on their individual share of the profits. Where as in a S corporation, subchapter corporation, the corporation entity I believe doesn't get taxed only the individual share holders do. Most small businesses are S corporations.
Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
What American product was taxed 25 percent causing a rebellion?
Home-distilled whiskey, during the presidency of George Washington.
Should chewing gum be banned?
yes. No, it should be heavily taxed to pay for cleaning it from public places.
How did tariffs benefit American businesses in the 1700s?
The tariffs taxed imported products so that people would be more willing to buy the cheaper goods made in America. Therefore, the new businesses in America, would not have to compete with more experienced factories in Europe.
