Income tax
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An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporation tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions thereof. Most jurisdictions exempt locally organized charitable organizations from tax.
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See also
- Income tax in Australia
- Income tax in Canada
- Income tax in Greece
- Income tax in India
- Income tax in the Netherlands
- Income tax in Singapore
- Income tax in Tanzania
- Income tax in the United States
- Lifetime income tax
- Local income tax
- Negative income tax
- Papal income tax
- Wealth tax
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Income tax" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
