What is Income Tax?

Income tax is the annual tax levied by government on an individual’s or corporation’s eligible earnings. 

 

See Also:

Ways to Reduce Taxes on Income Investments

How to Efficiently Turn Savings into Income

Tax Time Treasure Hunt

IRA vs. 401(k) – What’s the Difference?

10 Questions to Ask a Financial Advisor

How Much Do I Need to Retire?

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