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What else can I help you with?
The difference between direct taxs and indirect taxs and give examples of each?
The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.
What type of taxes are expressly forbidden by the Constitution?
An ex-post-facto law, is one that is passed that criminalizes previous acts, and punishes the person for it. Such a law was passed by congress a few years ago, and it is surprising that it has not made it to the Supreme Court yet.
What is the only legal direct tax?
The only legal direct tax in the United States is the federal income tax, which is imposed on individuals and corporations based on their income levels. This tax is governed by the Internal Revenue Code and is collected by the Internal Revenue Service (IRS). Other forms of direct taxation, such as property taxes or state income taxes, vary by jurisdiction but are not classified as federal direct taxes.
What is the primary source of income for counties and municipalities in Georgia?
Property taxes
What could happen to a cosigner if the income taxes were not done on a property?
Property does not have an income tax return.
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
Is federal income tax direct or indirect?
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.
Are property taxes included in the debt to income ratio calculation?
Yes, property taxes are typically included in the debt-to-income ratio calculation. This ratio is used by lenders to assess a borrower's ability to manage their monthly debt payments, including property taxes, in relation to their income.
Are property taxes deductible in California?
Yes, property taxes are deductible in California for state income tax purposes.
What is considered a direct tax?
A direct tax is a type of tax that is imposed directly on an individual's or entity's income or wealth, and the burden of the tax cannot be shifted to another party. Examples of direct taxes include income tax, corporate tax, and property tax. These taxes are typically levied based on the taxpayer's ability to pay, reflecting their financial status. Unlike indirect taxes, which are included in the price of goods and services, direct taxes are paid directly to the government by the taxpayer.
What is the difference between direct tax and indirect ta?
A direct tax is one that is taken directly from the individual, such as income tax. Indirect taxes, such as sales tax, are collected by merchants and taken from the consumer. Indirect taxes also lead to inequalities while direct taxes do not.
Do you have to pay tax when you buy your first house in nsw when your not going to live in it and you may rent it out?
I don't know if you are talking about income tax or property taxes. The answer is the same for both. In renting the house out you will pay income taxes on your gain from rental income and you will pay property taxes for the ownership of the property.
