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1. Income tax: An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the ... (Tax based on taxable income) [100%] 2023-09-24 [Income taxes] [Personal taxes]...
2. Income Tax: Income Tax, in the United Kingdom a general tax on income derived from every source. Although a graduated tax on income from certain fixed sources was levied in 1435 and again in 1450, it may be said that the income ... [100%] 2022-09-02
3. Income Tax (Trading and Other Income) Act 2005: The Income Tax (Trading and Other Income) Act 2005 (c 5) is an Act of the Parliament of the United Kingdom. It restated certain legislation relating to income tax, with minor changes that were mainly intended "to clarify existing provisions ... (Trading and Other Income) [100%] 2023-09-17 [United Kingdom Acts of Parliament 2005] [Tax legislation in the United Kingdom]...
4. Income tax: Income tax is a tax levied by government on the income of individuals and businesses, championed by progressives. In 1913, the Sixteenth Amendment to the Constitution made clear the federal government can collect taxes from any source, free from the ... [100%] 2023-02-25 [Economics] [Business]...
5. Income tax: An income tax is a requirement that people pay a percentage of their income (usually on an annual basis) into the coffers of the state in whose territory they reside. As such, it is deemed by many to be the ... [100%] 2023-12-29 [Government] [Political terms]...
6. Income tax return (India): Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. (none) [81%] 2023-12-30 [Income tax in India] [Tax forms]...
7. Negative income tax: In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level; in other words, earners above that level pay money to the state while earners below ... (Social) [81%] 2023-12-29 [Political theories]
8. State income tax: In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. (Form of taxation in the United States) [81%] 2023-12-31 [Income taxes] [State taxation in the United States]...
9. Negative income tax: A negative income tax is a plan for guaranteeing an income to the poor through some form of a reverse income tax. As a family's income increases, the government's payments to the family would decrease. [81%] 2023-02-26 [Economics] [Taxation]...
10. Income Tax Department: The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. (Central government agency in India) [81%] 2024-02-20 [Income Tax Department of India] [Income tax in India]...
11. Income tax threshold: The income tax threshold is the income level at which a person begins paying income taxes. The income tax threshold equates to the. (Income level at which a person begins paying income taxes) [81%] 2024-10-08 [Income taxes]
12. Income (United States legal definitions): In U.S. business and financial accounting, income is generally defined by Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board as: Revenues – Expenses; however, many people use it as shorthand for net income, which is the amount ... (United States legal definitions) [74%] 2024-01-26 [United States Generally Accepted Accounting Principles] [Income statement]...
13. Income (United States legal definitions): In U.S. business and financial accounting, income is generally defined by Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board as: Revenues – Expenses; however, many people use it as shorthand for net income, which is the amount ... (United States legal definitions) [74%] 2024-01-11 [United States Generally Accepted Accounting Principles] [Income statement]...
14. Income: An income, as used in the generic sense, refers to money earned, generally through labor or investment. In the United States, income is generally calculated and related in dollars/year. [74%] 2023-03-10 [Accounting] [Economics]...
15. Income: Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. (Wealth gained by a person or company within a given time period) [74%] 2024-12-14 [Income]
16. Earned income tax credit: The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on ... (Refundable tax credit for low-to-middle class individuals in the U.S) [70%] 2023-12-31 [Personal taxes in the United States] [Tax credits]...
17. Income tax in Canada: Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending 31 March 2018, the federal government collected just over three ... (Form of taxation in Canada) [70%] 2022-11-19 [Taxation in Canada] [Income taxes]...
18. Unrelated Business Income Tax: Unrelated Business Income Tax (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax-exempt 26 U.S.C. (Finance) [70%] 2023-12-21 [Tax terms]
19. Income Tax Act 1952: The Income Tax Act 1952 (15 & 16 Geo. 6 & 1 Eliz. [70%] 2023-12-29 [Income tax in the United Kingdom] [United Kingdom Acts of Parliament 1952]...
20. Earned Income Tax Credit: The Earned Income Tax Credit is a negative income tax designed to give money to poor people with jobs without using the welfare system. Originally called the "negative income tax," it was first proposed by conservative economist Milton Friedman in ... [70%] 2023-03-09 [Taxation] [Reagan Era]...