The best governance system on earth is democracy. Most Western countries are democracies. That is why they are very successful. America is a constitutional democracy that is governed by the rule of law. Every American citizen has rights and responsibilities. For American democracy to work there has to be taxation revenue. It is because of taxation that it is possible to finance American elections and pay legislators at the end of each month. A huge chunk of this revenue also pays civil servants. There are a number of Stockton CA taxes. Most of them target individuals.
Many Americans only know about the income taxation. However, it is not the only type of taxation. There are several taxes that the average American has to pay. Income taxation is what most Americans usually pay every month. It is calculated on the gross salary of an individual. One will receive his monthly salary minus the income taxation.
There are two classes of taxation. The first class is direct taxation. The other class is indirect taxation. Income tax is direct taxation because it is directly paid by an individual. People who earn very low incomes are usually exempt from this kind of taxation. One has to submit his personal income taxation returns every year. Failure to do so attracts penalties.
Income taxation is just but one of the taxes that an American citizen has to pay. There is also sales taxation. This is levied on services and goods. The government will levy this taxation on the producer of a good or a service. Such a party will eventually pass the cost of the taxation to the ultimate consumer.
The United States of America also has property taxation. This is not paid by the tenant or the property agent. A property owner in California will be eligible to pay property taxation. It is calculated on the total value of the property in question. If one dies and leaves behind property, the dependents of the individual will pay estate taxation.
It is not only individuals who are eligible to taxation. Even a business has to pay taxation on the profit that has been indicated on the profit and loss account. A business will need to subtract expenses from incomes to determine the profit that is eligible to taxation. There is more than one type of business. Company is one of them.
One does not have to bear the full burden of taxation. The government has created a number of mechanisms through which the taxation burden can be reduced. One of such mechanisms is taxation avoidance. The government will not punish a business for avoiding any type of taxation. However, taxation evasion is bad. Actually, it is punishable with penalties.
Taxation did not start yesterday. It has been there for a number of centuries. The Romans invented the democratic system of government. Since the dawn of democracy, the citizens of a democracy have had to pay taxation so that to maintain the system. There are very few countries on earth where citizens do not pay taxation. All Western nations have taxes.
Many Americans only know about the income taxation. However, it is not the only type of taxation. There are several taxes that the average American has to pay. Income taxation is what most Americans usually pay every month. It is calculated on the gross salary of an individual. One will receive his monthly salary minus the income taxation.
There are two classes of taxation. The first class is direct taxation. The other class is indirect taxation. Income tax is direct taxation because it is directly paid by an individual. People who earn very low incomes are usually exempt from this kind of taxation. One has to submit his personal income taxation returns every year. Failure to do so attracts penalties.
Income taxation is just but one of the taxes that an American citizen has to pay. There is also sales taxation. This is levied on services and goods. The government will levy this taxation on the producer of a good or a service. Such a party will eventually pass the cost of the taxation to the ultimate consumer.
The United States of America also has property taxation. This is not paid by the tenant or the property agent. A property owner in California will be eligible to pay property taxation. It is calculated on the total value of the property in question. If one dies and leaves behind property, the dependents of the individual will pay estate taxation.
It is not only individuals who are eligible to taxation. Even a business has to pay taxation on the profit that has been indicated on the profit and loss account. A business will need to subtract expenses from incomes to determine the profit that is eligible to taxation. There is more than one type of business. Company is one of them.
One does not have to bear the full burden of taxation. The government has created a number of mechanisms through which the taxation burden can be reduced. One of such mechanisms is taxation avoidance. The government will not punish a business for avoiding any type of taxation. However, taxation evasion is bad. Actually, it is punishable with penalties.
Taxation did not start yesterday. It has been there for a number of centuries. The Romans invented the democratic system of government. Since the dawn of democracy, the citizens of a democracy have had to pay taxation so that to maintain the system. There are very few countries on earth where citizens do not pay taxation. All Western nations have taxes.
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