All Articles for
Income Tax
An income tax, in British English, is a tax on money people earn, which is paid to the national government. In American English, it is a tax on the money people earn or on the profits companies make (also called income in American English), which is paid to the national, state, or local government. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive.
