What is tax | Taxation explained
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- Опубліковано 30 вер 2024
- Explaining the concept of taxation, direct and indirect taxes in the simplest possible manner.
#Tax #Taxation
Few questions answered in this video:
What is tax and types of taxes?
What is income tax?
What is Excise tax?
What is Service tax?
What is Sales tax?
What is export and import tax?
Special Thanks to Colin for voice over :)
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Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
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What is tax. Tax is theft.
No it's not
Tax is NOT theft. It is ur payment in return for protection. THE PROBLEM IS, some governments receive TAX BUT DO NOT PROTECT IT'S PEOPLE. In that case, it becomes theft.
Something different this time. Taxation explained in the simplest way possible.
You forgot all the fat 500 pound welfare twats my taxes go to.
I love the story
Sir how people were categorised
underrated video, this is really good and really well made
thank you so much 🙂
Yess
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Yes this helped sm!!
So informative and easy to understand . You're amazing teacher
Your right!!
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AWEE!!! joey and Chandler
Joey always seemed to be the stronger one. Haha
its the friends reference for me!
"An income tax is neither a property tax nor a tax on occupations of common right, but is an excise tax...The legislature may declare as 'privileged' and tax as such for state revenue, those pursuits not matters of common right, but it has no power to declare as a 'privilege' and tax for revenue purposes, occupations that are of common right."
“The right to engage in an employment, to carry on a business, or pursue an occupation or profession not in itself hurtful or conducted in a manner injurious to the public, is a common right, which, under our Constitution, as construed by all our former decisions, can neither be prohibited nor hampered by laying a tax for State revenue on the occupation, employment, business or profession. ... Thousands of individuals in this State carry on their occupations as above defined who derive no income whatever therefrom. But, where an income is derived from any occupation, business, profession or employment, then the Legislature may lay thereon a tax...”
Sims v. Ahrens, 271 SW 720 (Ark. S. Ct. 1925)
Definition of employee;
[1] 5 U.S.C. Sec. 552a (13). the term “Federal personnel” means officers and employees of the Government of the United States, members of the uniformed services (including members of the Reserve Components), individuals entitled to receive immediate or deferred retirement benefits under any retirement program of the Government of the United States (including survivor benefits).
See also 26 C.F.R. 301.6331-1 further identifies the federally privileged persons as “(4)(i) Federal employees, (ii) State and municipal employees and (iii) Seamen”
See also enforcing regulation for 26 U.S.C. Sec. 6331 - Levy and distraint, which is found under Title 27 Part 70 (Intoxicating Liquors), to identify federally privileged persons found under Title 27.
I think Joey was behind all the attacks from the get go. He disguised as a robber to attack Chandler's farm, instilled fear and then commercialised the attacks. A very questionable Joey. 🙃🙃🙄🙄🙃🙃
Joey is the leviathan
God bless you all thanks for the video. My Economics teacher send it to my grade.
So thats how the Americans have this taxes. Thanks for the info
Excellent analysis, thanks! 👌 Just a small off-topic question: 😅 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Joey the king tax collector. 🤴
GOD SAVE THE KING
went here because I got a raise at work and so did the tax when I checked the pay I got.. wanted to confirm if I'm not mistaken about what I think taxes are supposed to be doing to a country. unfortunately our government isn't being a good Joey and it makes me wonder everytime.
Great analysis, thank you! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Williams Matthew Thompson Ruth Anderson Shirley
Rodriguez Deborah Brown Paul Smith Thomas
I think this chandler is like the one in MrBeast
the song is really boring but the explanation is really good thank you
Nowadays, some Joey's secretly collaborates with the thief to organize looting and Joey portray as a whiteknight to increase their profit.
Brace yourself, cash refund incoming
I am 12 and good to know tax and responsibility for now
Mapping out refund details and anticipated actions
shout out to friends looking joey and chandler
Heads up: notification of cash refund
really nice
Sooo I was showing my children this video because it’s a cartoon version. Not even .20 seconds in a whole damn fight broke out. What the hell 😂 that was awesome. And yea I came back to see who won the fight 😂
Cash back: the path to reimbursement
If Joey's services was voluntary I wouldn't call that a tax. A tax is an involuntary service that you can't opt out from unless you buy an offshore passport with the cheapest one going for around 80K dollars.
1:36 who bot goods...Arkansas?
It's very simple to understand
I paid tax but I did not get any of the benefits..
How much did you paid
I love this video...
Informative, educative and entertaining...
Theft, there I answered it in 1 word
Thankyou
🫰
Thank u
Yup
Wow
Welcome back!
A very professional and interesting video. Can I download the video and subtitle it myself before uploading it to China Video Network?
Thank you, this was very informative.
Happily ever after my ass.go Calculate just how much you get taxed in total and you will figure out that you actually work for next to nothing and your income instead of 15.50 an hour is more like 8
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I’m 10 and I know what quantum Physics is
In business and in life, may you wear a smile.
Joey and Chandler are wrongly represented xD
What if Joey begins to recruit robbers as a way to increase his demand on those he is protecting?
Best explanation ever 👍🏻👍🏻
Underrated channel
Now we pay taxes since we don’t want to go to jail.
Nice definition
My definition of taxes are that since people don’t want to freely give money to the government, the government decides to threatening it’s people with jail if they don’t pay the percentage they demanded.
Are you indian??
His not
A very informative video. Well done.
So it's theft basically
But they can always loot you
I heard that export is tax free because we can't export tax .I didn't get the thing, can you explain it in a video?
Sounds like extortion
JOEY ABSOLUTE CHAD.
a
tysm i learned alot!
Wow
Thank you man This was so amazing and informative.
It is simple and an easy listen
thank you this video is very helpful :)
I didn't even think taxes were real lol, I think paying taxes is cruel and should be outlawed at once
Joye op
Definition of Employee
IRC 3401 (c )
For the purposes of this chapter, the term “employee” includes an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing.
Definition of employee;
[1] 5 U.S.C. Sec. 552a (13). the term “Federal personnel” means officers and employees of the Government of the United States, members of the uniformed services (including members of the Reserve Components), individuals entitled to receive immediate or deferred retirement benefits under any retirement program of the Government of the United States (including survivor benefits).
See also 26 C.F.R. 301.6331-1 further identifies the federally privileged persons as “(4)(i) Federal employees, (ii) State and municipal employees and (iii) Seamen”
See also enforcing regulation for 26 U.S.C. Sec. 6331 - Levy and distraint, which is found under Title 27 Part 70 (Intoxicating Liquors), to identify federally privileged persons found under Title 27.
26 CFR § 31.3401(c)-1 Employee:
(h) Although an individual may be an employee under this section, his services may be of such a nature, or performed under such circumstances, that the remuneration paid for such services does not constitute wages within the meaning of section 3401(a).
'The terms "excise tax" and "privilege tax" are synonymous. The two are often used interchangeably.' (American Airways v. Wallace 57 F.2d 877, 880)
"An income tax is neither a property tax nor a tax on occupations of common right, but is an EXCISE tax...The legislature may declare as 'privileged' and tax as such for state revenue, those pursuits not matters of common right, but it has no power to declare as a 'privilege' and tax for revenue purposes, occupations that are of common right." (Simms v. Ahrens, 271 SW 720) (1925)
"We are of opinion, however, that the confusion is not inherent, but rather arises from the conclusion that the 16th Amendment provides for a hitherto unknown power of taxation; that is, a power to levy an income tax which, although direct, should not be subject to the regulation of apportionment applicable to all other direct taxes. And the far reaching effect of this erroneous assumption..." (Brushaber v. Union Pacific Railroad Co. 240 US 1) (1916)
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amazing explanation. I love it !
Cool video 🙏🏼
my armpit stinks