Income Tax Is not one Tax but an Aggregation Of Taxes Tax is a fee charge by the Govt. on any product income or activity. Taxes in India are of two types‚ Direct Tax and Indirect Tax. Direct Tax‚ like income tax‚ wealth tax‚ etc. are those whose burden falls directly on the taxpayer. The burden of indirect taxes‚ like service tax‚ VAT‚ etc. can be passed on to a third party. Income Tax is all income other than agricultural income levied and collected by the central government and shared
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Excise Taxes Definition of ’Excise Tax’ 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS). 1. Excise taxes are considered an indirect form of taxation because the government does not directly apply the tax. An intermediary‚ either the producer or merchant‚ is charged and then must pay the tax to the government. These taxes can be categorized
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Smokers and the tax The fallacy in the proposed higher tax on cigarettes is the belief that the number of smokers will be reduced if the price of the smoke goes up beyond their reach. This may well be true if there were no cheaper and better-tasting substitutes which are taxed. However‚ there are a lot of reasons for smokers should pay a health tax. First‚ smoking is unhealthy. Therefore‚ people should care about themselves and think about other people around them. Smoking cause a lot of diseases
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“Fat Tax” Not a Panacea “Obesity now contributes to the death of more than 360‚000 Americans a year. The incidence of childhood obesity is now at epidemic level. Alarm bells are going off all over the place. But our government has done virtually nothing.”- Tom Harkin. Obesity is a medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health‚ leading to reduce life expectancy and/or increased health problems (Wikipedia). To cut that number
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AP Biology Reading Guide Fred and Theresa Holtzclaw Chapter 33: Invertebrates Name _______________________ Period ___________ Chapter 33: Invertebrates Chapters 31‚ 32‚ and 33 should be considered as a single unit‚ and you should try to put all of them together in a single conceptual framework. Due to the scope of our course‚ you are likely to see more general questions on individual phyla. For each of the phyla that we highlight in the questions that follow‚ try to know the characters that are
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VROOOM!!Goes the roar of the 2 motorcycles racing to the finish. Both have the petal to the metal goes from 1-70 in seconds. afteblundering all overr . Until one wins. Me and my mom and her boyfriend went to a farm‚ They would not tell me why I was there. They just said it will be fun. Then we took the bike in the back and there it was. About 50 different vehicles ready to race. This is only for charity‚ but they were ready to have fun. As me and my mom found a seat. Her boyfriend went and started
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ImRetiree Preference is towards 3% tax on retail sales. The ratio of tax distribution is most equitable in retail tax. I believe that every individual is responsible for contributing to the nation’s tax revenue despite age‚ but I believe that retirees should have the least contribution as they have already paid their dues to society from all the years they have previously worked. With this in mind‚ the retail tax is the fairest solution due to it being the most equal in distribution. Each group
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Selective dog breeding is the the process of selectively breeding dogs with others even if the dog is in the same family as the others it called pure-breeding. This a very controversial thing. To people who don’t know much about it they thing purebred are a vision of healthiness but ‚ it is the opposite. They are in extremely bad health and “mutts” as they are called are are healthy. I think Selectively breeding dog is a bad thing. I also think it shouldn’t be a done period. Selective dog breeding is bad
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Should the Federal Tax on gasoline increase to help pay for public transportation and road improvements? Gas companies shouldn’t raise their taxes based on the need for money for public transportation because many citizens who live in the U.S. use public transportation instead of buying gas. By them not having to buy gas that will cause those who don’t use public transportation to be forced to pay for something that they don’t use. While doing so those who use the public transportation may reap
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SIN TAX MANILA‚ Philippines – President Benigno Aquino III signed the Sin Tax reform bill into law Thursday‚ saying it was an early Christmas gift for Filipinos. “Today we sign‚ finally‚ a law that will serve as an early Christmas gift for millions of Filipinos‚” Aquino said in Filipino. “We aim to make health benefits available for all‚ regardless of wealth‚ the life of Filipinos is sacred‚” he said. The Sin Tax Bill aims to raise additional revenues by increasing taxes in so called “sin products”
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