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Ad valorem property taxes are collected by local government departments (examples are counties, cities, school districts, and special tax districts) on real property or personal property. Ad valorem property taxes are usually a main, if not the main, source of income for state and municipal governments.
While Chateaubriand was the first to "diagnose" this "illness", it is Alfred de Musset who further popularized the notion of a "mal du siècle" in his La Confession d'un enfant du siècle (Confession of a Child of the Century). [2] Musset notably attributed the malady to the loss of Napoleon Bonaparte, the French nation's modern father figure:
The state and local tax deduction (SALT deduction) is a United States federal itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction is intended to avoid double taxation by allowing taxpayers to deduct state and local taxes from their federal ...
Biens mal acquis (French: Ill-gotten goods) is a phrase used in French courts for litigation seeking the repayment of assets stolen from poor countries by corrupt officials. . The phrase refers to anti-corruption legal proceedings against former dictators and strongmen outside of their country, the seizure of assets within the country of the legal proceedings, and the return of the assets to ...
Bayt al-mal (بيت المال) is an Arabic term that is translated as "House of money" or "House of wealth". Historically, it was a financial institution responsible for the administration of taxes in Islamic states , particularly in the early Islamic Caliphate . [ 1 ]
The solidarity tax on wealth (French: Impôt de solidarité sur la fortune, ISF) was an annual direct wealth tax on those in France having assets in excess of €1,300,000 (since 2011). [1] It was one of the Socialist Party's 1981 electoral platform's measures, 110 Propositions for France.
Dahsala is an Indian system of land taxation which was introduced in A.D. 1580 under the reign of Akbar.This system was introduced by the finance minister of Akbar, Raja Todar Mal, [1] who was appointed in A.D. 1573 in Gujarat, and it helped to make the system of tax collection from non-muslims more organised.
Consider one unit of investment that costs $1,000 and returns $1,100 at the end of year 1, i.e. a 10% return on investment before taxes. Now assume tax rate of 20%. If an investor pays $1,000 of capital, at the end of the year, he will have ($1,000 return of capital, $100 income and –$20 tax) $1,080.