The Four Types of Taxes

The purpose of this article is to explain the tax layout. I distinguish between tax types and the roles they currently play. Next, I will explain what is fairness, efficiency, effectiveness, transparency (EEET) and how they apply to the tax as a whole. Finally, I will summarize how EEET is applied to 4 taxes. The four types of taxes described in this article are income tax, sales tax, property tax, and royalty. Before the adoption of the 16 th revision of 1913, the income tax was not permanently decided.

Federal taxation has four aspects: income tax (individuals and companies), payroll tax, inheritance tax, and consumption tax for various goods and services. In this article I will only describe the first three (income tax, wage, and inheritance tax). Consumption tax is mainly determined by consideration of trade policy, so it has little impact on social policy. As part of the government's total income, the personal income tax is far greater federal tax. It accounts for 47.3% of total government revenue in 2016. Next, wages and social insurance tax accounted for 34.1% of total government revenue, then corporate income tax was 2%, consumption tax was 9%, and lastly inheritance tax continued. 0.7% of total revenue

The income of many rich countries and many international companies is linked to high income tax, profit tax and capital gains tax, accounting for a small part of total tax revenue (IPCT). Among the four different income levels, Goods and Services Tax (GST) is the main source of income for middle- and low-income countries, and 34.87% of tax revenues come from middle-income countries and high-income countries. The inflation rate (22.98%) is also the highest in the country. Where Xt is the logarithm of the model of all variables at time t. If the variable is a variable, Xt - 1 indicates that the first difference to hysteresis is k. Coefficients ¤ 0, 1, 22 and estimated are estimated. Only the revenue from export tax (ET) and taxes, profit and capital gains (IPCT) rates are fixed with the first difference and the other variables are fixed at the level.

Impact and impact of tax revenue factors on economic indicators: Evidence from expert group data

Taxation on investment income is affected by various kinds of taxes called capital gains tax. Regarding the investment you own within a year (also known as short term), any profit will be affected by your normal income tax rate. However, the profit of investing over a year (long-term) follows a tax-reduced tax system simplified based on the scope of normal income tax. The same principle applies to the dividends to be invested. Dividends are considered "eligible" or "ineligible" depending on the type of investment. Most dividends are eligible and taxed using discounted long-term capital gains tax rates. Unqualified dividends are taxed using the normal income tax rate.