personal tax
Citizen's income duty
Personal tax is tax levied on individuals rather than businesses or corporations.
The term encompasses income tax, capital gains tax, and other taxes assessed on a person's earnings, investments, or assets: She hired an accountant to handle her personal taxes.
Distinguished from corporate tax, sales tax, or property tax in financial and legal contexts.
- estate taxLevy on inherited wealth
- income taxGovernment charge on earnings
- adjusted gross incomeEarnings after initial subtractions
- earned income creditTax benefit for low earners
- property taxLevy on owned land
payroll deductions · gift tax · capital gains tax · real estate tax · withholding tax · social security contributions · inheritance tax · tax return · itemized deductions · tax liability · stamp duty · filing status · head of household · wealth tax · service tax · flat tax · tax shelter · progressive tax
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- taxationtax, income tax, sales tax, tax return, tax refund
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- Canadian taxesT1, T4, GST, PST, CPP
- head taxeshead tax, poll tax, capitation
personal taxindirect tax
Levy passed to consumers
sales tax · consumption tax · value-added tax · VAT · excise tax
personal, person, personally, personality, personalize, personalized, personalization, impersonal, persona