Essay On Taxation In The Philippines

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Recommended: Similarities between a progressive tax and a regressive tax

The system that government uses to raise money, to finance the country and to fund their activities for serving the public is called the Taxation. Taxation system has different types such as: the proportional tax, the progressive tax and the regressive tax. This research paper focus on the advantages of progressive tax system in which we believe that it is the best way of solution with respect to setting tax among families because this type of taxation obliges only a specific rate for every income tax bracket instead of the proportional tax system which uses latter’s fixed rate.
In the early days of the Roman Republic, public taxes consisted of moderate estimation on owned wealth and property. The tax rate under normal income rating was one percent and sometimes would climb as high as three percent in situations such as war. These modest taxes were put on against land, homes and other real estate, animals, personals items, slaves and monetary wealth. Taxes were collected from individuals and the more you had in property, the more tax you will pay. In the Philippines, the pre-colonial...

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