0
Well, honey, a good tax system should be fair, simple, and efficient. It should collect enough money to fund necessary government services without burdening the taxpayers too much. So basically, it should be like a good cocktail - balanced, easy to swallow, and doesn't leave you with a nasty hangover.
What else can I help you with?
Principles of a good tax 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.
Why is the progressive tax is the ideal 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.
What the are different direct tax in the Philippines?
features of philippine income tax
How much money can you make before you need to report it?
If you are earning money then you should report it. The tax system will allow you to make a certain amount before you have to pay tax BUT you should let the system work this out. If you do not declare your income and you do owe tax then they will eventually come after you and fine you for not declaring your earnings.
How does the UK tax system different from the Sierra Leone tax system.?
briefly explain the tax system of Sierra Leone
Principles of a good tax 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.
What are the features of good tax system?
maximum social advantage, minimum aggregate sacrifice, universally applicable, satisfied canons of taxation, build in flexibility.......
What is a proportional tax?
a tax system in which everyone pays the same percentage of their income no matter how little or how much they make
What was englands worth to William the conquer?
In 1066 England was a rich and sophisticated country with a good law system. There was lots of food and a good tax system
What the are different direct tax in the Philippines?
features of philippine income tax
Why is the progressive tax is the ideal 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.
How much money can you make before you need to report it?
If you are earning money then you should report it. The tax system will allow you to make a certain amount before you have to pay tax BUT you should let the system work this out. If you do not declare your income and you do owe tax then they will eventually come after you and fine you for not declaring your earnings.
What is the cost of TaxSlayer tax software?
TaxSlayer is easy to use, but it has limited planning tools. It also has good features and support, so you won't get lost. Overall, it's reviews are pretty good, but I think there are better tax software.
How can I make a quarterly tax payment to the IRS?
To make a quarterly tax payment to the IRS, you can use the Electronic Federal Tax Payment System (EFTPS), make a payment online through the IRS website, or mail a check with a payment voucher to the IRS.
How does the UK tax system different from the Sierra Leone tax system?
briefly explain the tax system of Sierra Leone
How does the UK tax system different from the Sierra Leone tax system.?
briefly explain the tax system of Sierra Leone
What are some income tax software?
There are a lot of different companies that make income tax software. You can get a good deal by going with Turbo Tax or Tax Act. Both of these have free downloads.
