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What else can I help you with?
What makes a tax fair?
a tax is fair is the persons who is being taxed have representitves in Parliament.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
Some states tax all taxable income at the same rate they have a flat tax rate.?
That is a true statement. Wisconsin, for example, taxes everyone fairly. The rate of tax is the same no matter how much you earn. The only more fair method of taxation would be very regressive and taxing those that use the system more. A use tax would be the most fair. Taxing those that use any particular service for that use would be very fair. The downside is that most people that are heavy users of the system have the lowest income. That makes this tax impossible.
What is the property tax rate in British Columbia?
Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000
Why is it equity is not ground for tax exemption?
Equity is not typically a ground for tax exemption because tax laws are designed to ensure a fair and consistent application of tax liabilities across different entities and individuals. Tax exemptions are usually based on specific criteria, such as charitable status or non-profit activities, rather than the concept of equity, which can be subjective and vary widely. This approach helps maintain a stable revenue system and prevents potential abuses that might arise from subjective interpretations of equity.
What is the percentage of the retail price imposed as a tax?
One of the criteria that makes a tax fair
What makes a tax fair?
a tax is fair is the persons who is being taxed have representitves in Parliament.
Regular income tax Fair tax Flat tax which would be your choice?
flat income tax
What is the eligibility criteria for claiming a tax deduction for individuals who are blind in one eye?
Individuals who are blind in one eye may be eligible for a tax deduction if they meet the criteria set by the Internal Revenue Service (IRS). This criteria typically includes having a certified medical professional confirm the blindness in one eye and meeting certain income thresholds.
Is gift tax federal or state?
Gift tax is a federal tax imposed on the transfer of assets from one person to another without receiving fair compensation in return.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
When a tax system is referred to as being neutral it implies that?
tax system is fair
Some states tax all taxable income at the same rate they have a flat tax rate.?
That is a true statement. Wisconsin, for example, taxes everyone fairly. The rate of tax is the same no matter how much you earn. The only more fair method of taxation would be very regressive and taxing those that use the system more. A use tax would be the most fair. Taxing those that use any particular service for that use would be very fair. The downside is that most people that are heavy users of the system have the lowest income. That makes this tax impossible.
Tax takes the same percentage of income from everyone regardless of their earnings?
Fair tax
What is the property tax rate in British Columbia?
Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000
What's the cost of the best income tax software?
There could be a couple of names which could get labeled the best income tax software. The names are tax cut, turbo tax. One is item I could tell a fair amount about for you to know.
Is fair that tax payers have to pay for an attorney if a accused person cant afford one?
Yes , it is fair because everyone , regardless of income , should have access to legal representation .
