Filing tax
tax is an inescapable activity for any bread earner . Every individual and business organization is to pay taxes. Besides income tax, there exist several other forms of taxes . Sales tax, energy tax, property tax, liquor tax, excise tax etc . are few to name in this regard. Though the income tax exists on every country of the world, the existence of other forms of taxes may vary from place to place . Few taxes (i.e.income tax) are equally applicable through out the country whereas few (e .g. road tax) may vary from location to location within the country . Rate of tax on income also varies based upon the annual income capacity . The social economic condition of the country can be measured from the study of their tax patterns (for example, during the war time the individual tax rate in the US was 94%).
Tax Systems: The International Way
Though the basics of taxation are the same for almost all of the countries, there exist procedural differences . Rate of tax, types of tax etc . also differs. Following discussions show the tax systems available in few of the major economic countries.
(a) USA There exist federal and state taxes, individual and corporate taxes . Presently, the individual taxes are calculated based upon the bracket system and there are six such brackets available . Rate of taxes for these brackets are 10%, 15%, 25%, 28%, 33% and 35% . First legislation on taxes was found in 1913 .
(b) Australia The Australian taxation Office controls and monitors all the taxation system in the country . They use complicated PAYG (pay-as-you-go) tax systems . The modern tax system came into effect there since 1942 .
(c) Canada Income tax was first imposed here in 1917 . Canada Revenue Agency single handily controls all the taxation requirement of the country . Graduated tax system is in force here. The rate of tax is quite high there .
(d) France The progressive tax system is in effect here .
(e) India Central Board for Direct taxes controls the tax here . Progressive taxation with three brackets forms the main part of the tax system . Tax on tax, as surcharge, is imposed here. 2% education cess is applicable for all types of taxes .
The Online Help
Filing tax returns require a great patience . The tax laws are full of ambiguity. Tax attorneys are there to help and clarify such ambiguities. Because of the personalized clarification experience and creativity of the tax attorneys plays an important role in the field of filing tax returns . To help people filing their tax returns error free, every tax collecting agency has there own help desk. One can enquire for any tax related issues by calling those help desks through their toll free numbers. Tel-Fax is the other mode by which clarification can be sought directly from the tax agencies . Besides, every tax agency has their web site for the purpose. Gov is one such official website from where one can obtain all the information necessary to file his or her tax returns in the US
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