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  2. Tax on cash withdrawal - Wikipedia

    en.wikipedia.org/wiki/Tax_on_cash_withdrawal

    231AB. Advance tax on cash withdrawal.: (1) Every banking company shall deduct advance adjustable tax at the rate of 0.6% of the cash withdrawal from a person whose name is not appearing in the active taxpayers’ list on the sum total of the payments for cash withdrawal in a day, exceeding fifty thousand rupees.

  3. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    According to the IRS, the top 1% of income earners for 2008 paid 38% of income tax revenue, while earning 20% of the income reported. [114] The top 5% of income earners paid 59% of the total income tax revenue, while earning 35% of the income reported. [114] The top 10% paid 70%, earning 46% and the top 25% paid 86%, earning 67%.

  4. Some tax refunds can come with hidden fees, government report ...

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    Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year. ... If a tax preparer offers you a tax refund product such as a refund ...

  5. The BBB offers details about advance tax refunds or ... - AOL

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    Some tax preparers offer 0% interest refund loans, but they do charge fees for preparing your taxes. Consider all costs before agreeing to a loan. Know what factors can affect the anticipated ...

  6. Cash-strapped Americans paid nearly $850M to get their tax ...

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    In 2024, about 25% of U.S. households are living paycheck to paycheck with no financial cushion, according to Bank of America.At the same time, the average IRS refund for 2023 tax returns was ...

  7. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    The inception date of the modern income tax is typically accepted as 1799, [6] at the suggestion of Henry Beeke, the future Dean of Bristol. [7] This income tax was introduced into Great Britain by Prime Minister William Pitt the Younger in his budget of December 1798, to pay for weapons and equipment for the French Revolutionary War.

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