Mitchellwilliam912
Uploaded on Nov 29, 2023
Category
Business
Explore our comprehensive guide on the top five types of taxes. Whether you're an individual or a business owner, understanding these tax categories is crucial. Trust us for expert tax services to navigate the intricate world of taxation and optimize your financial strategy.
Category
Business
Types of Taxes
Types of Taxes
Income Tax
• Tax levied on the income earned by individuals and businesses.
• Can be progressive (higher income, higher tax rate) or flat.
Sales Tax
• Applied to the sale of goods and services.
• Rate varies by location and item type.
Corporate Tax
• Tax on a company's profits.
• Rate varies based on the business structure.
Capital Gains Tax
•Applied to the profit from the sale of assets like stocks or real estate.
• Rates may differ for short-term and long-term gains.
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