To develop the country, the government needs tax from the civilians. The tax that gained from the civilian will used by the government usually use for pay the polices, soldiers, to build roads, make dams, to operate schools and hospitals, to provide food for the poor and medical care to the elderly, and a lot of other purposes. This makes the taxes become the main income to operate the activities and without taxes, the government will not exist. The tax is also a good choice to maintain the stability of country’s economy. There are a lot of tax kinds that provided the government activities. The taxes are individual income tax, company income tax, payroll tax, consumption tax, property tax, estate tax, inheritance tax, gift tax, and many other taxes.
The individual income tax, also called as personal income tax, is a tax on a person’s income that should pay to the government. The income is include the wages, work salaries, earning from one’s occupation, the interest that earned by savings accounts, earning from rented properties, royalties from sale of patented or copyrighted items, and also dividend from stock. The income also included the capital gain, which are the profits of sale stock, real estate, or any other investments whose value has increased over time.
Same as the income tax, the consumption tax also become one of taxes that give a lot of contribution to the country. The consumption tax is a tax that gained from sales of goods or services. There are some important kinds of consumption taxes that mostly give a lot of contribution to the government. The taxes are the general sales taxes, excise taxes, value-added taxes, and also tariff. The consumption taxes mostly same as the income tax but the different between them is only the consumption taxes only gained from people who buy goods or use services.
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