gross income tax的意思|示意

Gross income tax, also known as income tax, is a type of tax that the government collects based on the income of individuals or organizations. It is the most common form of taxation and is used to pay for public services such as education, healthcare, and infrastructure.

The tax is typically calculated as a percentage of a person's or organization's 'gross' income, which includes all sources of income before deductions and adjustments. This means that any income earned from wages, investments, rental income, bonuses, and so on is included in the calculation of the tax.

Individuals are liable to income tax if they are self-employed, an employee of another organization, or receive certain types of income such as dividends from stocks and bonds. Depending on the country, the rates may vary and be based on an individual's income level and other factors. Generally, those earning more income will be required to pay higher taxes.

Businesses also pay income taxes, often known as 'company tax' or 'corporation tax'. In most cases, this tax is computed as a percentage of the net income of the business. This includes any profits made from the sale of goods or services, as well as any income received from investments or other sources.

Income tax is one of the most important taxes and is crucial in funding public services and services. Without it, many of these services would not be available to the public. Therefore, taxpayers should be aware of their obligations and take the necessary steps to ensure that their taxes are paid on time.