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A tax that you have to pay on your income usually higher for people with larger incomes 2.
Income meaning of tax. Income tax generally is computed as the product of a tax rate times taxable income. Income tax is a certain percentage of your income that you have to pay regularly to the. An amount of money paid to the government that is based on your income or the cost of goods or. Income tax income tax the meaning of income.
Meaning pronunciation translations and examples. Whether income is an accurate measure of taxpaying ability depends on how income is defined. Income tax is a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Tax loss carryforward definition.
Income tax is used to fund public services pay government. Income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction.
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