In simple terms, what is the Fringe Benefit Tax?
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Hi there, Fringe Benefits Tax (FBT) is a way of making sure people who take their salary in non-cash (e.g. car, computer) items, still pay some sort of tax on it.\nPeople on a $100,000 salary in cash used to pay tax on $100,000. While other people were earning a $100,000 salary by taking $60,000 in cash and $40,000 in cars, computers etc. The latter person used to only pay tax on the $60,000 salary, and get the rest $40,000 tax free. FBT was a way to level the playing field. Hope this helps.
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Indian constitution has provided for different types of tyaxes.  what we pay is on our personal income, which is a direct tax. VAT, Customs etc are on goods, which is an indirect tax.
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A form of local residential property tax, used in England, Wales, and Scotland, maybe other location, I'm not sure on that. It pays for various local services.
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The gain is calculated as the proceeds received less the cost originally incurred less an allowance known as 'indexation' which gives you credit for inflation.  The longer you have held the flat, the more credit for inflation you'll receive to reduce the gain.\n\nThe gain will be taxed at whatever rate of tax the company pays based on profits.  If it is a one-off stand alone company any profits or gains up to £300,000 will be taxed at 19%.  Once the profits and gains exceed this sum the tax rate begins to rise, reaching a rate of 30% once profits and gains for the year total £1.5m.\n\nReally too complicated to answer in a short question like this.  Try the HMRC website for more info or speak to an accountant/tax adviser.
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It's social security withholdings and it is the enabling law (FICA) Federal Insurance Contributions Act  (two lies for the price of one)
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Is this tax on ordinary income, or something specific, like a pension disbursal?  Age doesn't factor into ordinary income (it's a graduated scale, where you pay more if you earn more) but it can matter for certain pension/retirement payments.
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This is a subject of the State Government concerned.From your query it is not clear in which State you are located.However, in most of the States; it is leviable.The activity spcified by you is liable to Works Contract Tax.
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how about how tax affects the price level of products and services :P
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http://www.irs.gov/taxtopics/tc557.html\n\nCheck out that link. Basically, it states that if you set it up as "made as part of a series of substantially equal periodic payments over your life or life expectancy, " you can avoid the 10% tax penalty.\n\nI would speak with your financial advisor/tax accountant to discuss ways to set it up this way.
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if you claim 0 they will take out  60.25 in fed tax. If you claim 1 they will deduct 50.73 in fed tax. IRS.GOV PUB 15 in the back are the tables
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It would be taxed based on your tax bracket. This depends upon your income level.
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Its value added tax.The goods are taxed on a progressive scale.Octroi is exempted on such goods.The necessities are taxed a lower rate whereas the luxury products are taxed a high rate.
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Look at it from a hourly rate.  I assume you could get an office job of some kind otherwise no one would let you within 100 miles of their books.  \n\nWhat could you get paid if you just went out and got the best job you could with your skills etc?  What about fringe benefits?  Most companies have health insurance of some kind what is that value.  What about paid sick days?  Vacation days?  401k match?  Profit sharing?  Retirement pension (I don't think you see this so much anymore)?  Where would you work?  Who pays for the office equipment and supplies?\n\nAnyway you need to charge as much as you could make at a good job INCLUDING the value of the fringe benefits?  You may discount this a bit IF you can work when you want etc.  Otherwise why bother?  Working for someone else has a more stable income.\n\nI have been self employed for over 10 years
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One of the best alternatives to all types of tax is the expenditure tax. Do away with council, income and corporate taxes and have a flat 30% expenditure tax. True, prices will increase in the short term but so will the income and hence we will have a balance. Also, this will mean that immigrants & assylum seekers will also pay the full tax and hence will not run away with using the services without pay anything.
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I found this website really useful:\n\nhttp://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/BeginnersGuideToTaxArticles/fs/en?CONTENT_ID=4015472&chk=iIHw8P
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the total amount including taxes
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There are two types of UK tax, Income and National insurance\n\nIncome tax is the usual goverment tax while National Insurance covers Healthcare and Pensions and those on the dole although at the end of the day it goes into the same pot.\n\nEveryone in the UK gets a personal allowance of income on which they pay no income tax. \n\nThe current level of personal allowance is £5,035pa although this increases if you are blind (£1,660) ,  over 65 year old (£2,245) and you get an extra allownce you can share with your partner if you are married (£1,030)\n\nStandard tax rates on a non married person are therefore:\n0% on the first £5,035pa\n10% on £5,035 to £7,185pa\n22% on  £7,185-£35,450pa\nand 40% on income over that.\n\nNational insurance is charged at\n0% on the first £4,888pa\n11% on £4,888 to £32,760pa\nand 1% on income over £32,760pa\nand 40% on any income\n\nTax would therefore be on those amounts quoted\n\n£30k = total incomeand NI = £7,996\n£40k = total incomeand NI = £11,390\n£50k = total incomeand NI = £15,490