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The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may ...
A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax. Poll taxes are administratively cheap because ...
By March 2011, RBI found out that in India, only six non-cash transactions were executed each year by individual citizens while 10 million retailers accepted card-based payments. Around 145 million families had no access to any form of banking. There was also the problem of tackling black money and corruption that happened mostly in cash. [15]
Prince Harry and Meghan Markle left their royal roles in 2020 to become "financially independent.". Later that year, they signed a deal with Netflix reportedly worth $100 million. Prince Harry is ...
The first evacuations have been ordered along the Gulf Coast as Tropical Storm Francine gains strength ahead of an expected hurricane strike by midweek, and a hurricane warning has been posted for ...
One of the main reasons for the proliferation of candidates is the low election deposit required to contest – Rs. 50,000 (US$170) for party candidates and Rs. 75,000 (US$250) for independent candidates. These amounts that have remained unchanged since the introduction of presidential elections in 1982.
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