为避免双重纳税而免税的收入项 (Exclusion that mitigate double taxation) 赠予及遗产 (gift & inherent); 但是自接受遗产后遗产产生的回报需要纳税。 人寿保险 (life insurance): 例如某人死亡而赔付给继承人的赔偿金,不征收所得税。 合格外国收入 (foreign-earned income):最高可免除$120,000的外国收入,前提是...
Another conclusion was that countries appeared to have a strong preference for taxation of net income rather than withholding tax on gross income. daccess-ods.un.org 另一个结论是各国似乎十分倾向于对净 收入 征税,而不是对总收入预扣税款。 daccess-ods.un.org [...] was the traditional sy...
2. Subtract the cost of goods sold (COGS), also known as the cost of sales in some regions. COGS typically include: Raw materials Direct labor costs Manufacturing overhead directly tied to production The formula is: Gross Income = Total Revenue - Cost of Goods Sold ...
While sources of income such as salary received from an employer are subject to taxation, other forms of income are either partially or entirely exempt from being taxed such as: Inheritance Municipal Bonds Workers’ Compensation Proceeds from Life Insurance ...
Administration Pushes Gross Income TaxationThe government has resurrected the plan to impose gross income taxation (gross income less allowable income) as a means of raising revenues to help balance the budget. Initially the proposal was ten percent.Manila Bulletin...
in Features People understandably gripe about the complexities of the federal income tax laws. Filling out your tax return is not as easy as just writing a couple of numbers down on a postcard and sending it to the IRS. Just when you think that you might have a handle on your taxes,...
Some types of income are exempt from taxation, such as certain types of municipal bond interest and some Social Security benefits. Additionally, some deductions and credits can reduce your tax bill even further. To understand how much you may owe or get back when you file your taxes...
net income,net profit,profit,profits,earnings,lucre,net- the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. ...
Taxable Income vs. Gross Income: An Overview Gross income includes all income that you receive from any possible source. Taxable income is the portion of your gross income that's actually subject to taxation. Allowable deductions are subtracted from gross income to arrive at your taxable income...
Gross Income vs. Taxable Income Your gross income is all the money you've earned in a year that isn't exempt from taxation. This income can be in the form of salary, wages, self-employment income, interest, dividends, or capital gains. Your adjusted gross income is that amount minus...