What is tax: Dec 23

Dec 23, 2024 ·Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here's how incometaxworks. Ataxis a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. [1] . Apr 21, 2025 ·Propertytaxis charged as a percentage of the capital value of the property. However, it depends on various factors, such as the type of property (e.g., residential or commercial), the usage of the property (self-occupied or rented), age, and size. Propertytax= Tax rate " Capital Value.