- •Министерство Финансов Российской Федерации
- •Утверждено и рекомендовано решением
- •(Протокол № )
- •Предисловие.
- •Unit 1. What are taxes?
- •What are taxes?
- •Vocabulary
- •Grammar Revision
- •Unit 2. Progressive and regressive taxes
- •Progressive and regressive taxes
- •Vocabulary
- •In the text find the English equivlents to the following Russian collocations.
- •Unit 3. A history of taxation.
- •A history of taxation.
- •Vocabulary
- •In the text find the answers to the following questions.
- •In the text find the English equivalents to the following Russian collocations.
- •Unit 4. The tax history of great britain.
- •The tax history of great britain.
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 5. The history of the tax system in the united states
- •The history of the tax system in the united states
- •Colonial Times
- •The Post Revolutionary Era
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 6. The history of the tax system in the united states
- •The history of the tax system in the united states
- •World War I and 1920’s
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 7. The history of the tax system in the united states
- •The history of the tax system in the united states
- •The social security tax
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 8. Income tax
- •Income tax
- •Unit 9. Personal taxation in the uk
- •Personal taxation in the uk
- •Vocabulary
- •Chart 1. Personal taxation
- •Unit 10. The flat tax
- •The flat tax
- •Vocabulary
- •Unit 11. Corporate tax in great britain
- •Corporate tax in great britain
- •Unit 12. Corporate income tax Corporate taxation in the usa
- •Corporate income tax
- •Corporate tax rates
- •Defining income
- •Vocabulary
- •Chart 1. Marginal and average corporate tax rates, 1983
- •Verb Noun Adjective
- •Unit 13. (corporation) profit tax in russia
- •(Corporation) profit tax in russia
- •Unit 14. The vat
- •The vat
- •Vocabulary
- •Unit 15. The vat in russia the vat in russia
- •Vocabulary
- •The vat-Invoice
- •Unit 16. The excise
- •The excise
- •For similar items, excise duties are the same for imported and domestically produced goods; if the tax is different, then there is an explicit or implicit customs duty.
- •Vocabulary
- •Exercise 2. Answer the questions
- •Exercise 3. Guess the meaning of the word by its definition
- •Exercise 4. Render the text
- •Exercise 6 Translate from Russian into English
- •Unit 17. Taxation in canada
- •Practise reading the following words and collocation:
- •Taxation in canada
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 18. Taxation in the united kingdom
- •Taxation in the united kingdom
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 19. Taxation in germany
- •Taxation in germany
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Unit 20. Taxation in the republic of ireland Exercise 1 Practise reading the following words and collocation:
- •Taxation in the republic of ireland
- •Vocabulary
- •Exercise 2
- •Exercise 3
- •Exercise 4
- •Exercise 5
- •Unit 21. Taxaion in the usa
- •Taxaion in the usa
- •Vocabulary
- •Unit 22. How to avoid axation in the usa how to avoid axation in the usa
- •Vocabulary
- •Exercise 6. Discussion
- •Unit 23. The tax code of the russian federaton
- •Retrospectively, provision, procedure, authority, levy, circumstance, liability, audit, offence, administrative compliance, specify, authority, introduction .
- •Tax Code part II
- •Vocabulary
- •Exercise 7 Explain the following. Consult the text and vocabulary
- •Hierarchy of Norms
- •Vocabulary
- •The History of Taxation in Russia
- •Unit 24. The tax authorities of the rusian federation
- •Unit 25. Genral princiaples of taxation
- •Genral princiaples of taxation.
- •4.1 Efficiency or rationality.
- •4.2 Sufficiency.
- •4.3 Flexibility.
- •4.4 Neutrality.
- •Vocabulary
- •Оглавление
- •Пособие по английскому языку
Taxaion in the usa
In the United States federal, state, and local governments cover their expenses mainly through taxation, with each level of government depending chiefly on one or two types. In general, local governments have received most of their tax revenues from property taxes, while state governments traditionally have depended on sales and excise taxes. Since World War ІІ, however state income taxes have grown more important.
The federal government’s chief source of revenue has been the income tax, which in recent years has brought in about two-fifths of total federal revenues. Other federal taxes include the corporate profit tax and social insurance ( Social Security ) tax.
The federal income tax is levied on the worldwide income of U.S. citizens and resident aliens and on certain types of U.S. income of non-residents. The first U.S. income tax law was enacted in 1862 in order to support the Civil War. A forerunner of the modern income tax was based on the principle of graduated, or progressive taxation. The 1862 tax law also established the Office of the Commissioner of the Internal Revenue Service, which was given the power to assess, levy and collect taxes, and the right to enforce tax laws through property and income seizures and through prosecution.
The income tax was declared unconstitutional by the Supreme Court in 1895 because it was not apportioned among the states in conformity with the Constitution. It was not until 1913, with the passage of the 16th Amendment to the Constitution, that Congress was authorized to levy an income tax without apportionment. The 16th Amendment resulted in a revenue law that taxed both individual and corporate incomes but, except during World War І , the income tax system was not a major source of federal revenue until the 1930s.
In fiscal year 1918 annual Internal Revenue collections passed the billion dollar mark for the first time. During World War ІІ the modern system for managing federal income taxes was introduced, income tax rates were raised to very high levels, and these taxes became the principal sources of federal revenue. The withholding tax on wages was introduced in 1943, and this was significant in increasing the number of taxpayer to 60 million and tax collections to $ 43 thousand million by 1945.
In October 1986, the President signed into law the Tax Reform Act of 1986 – perhaps the most massive reform of the U.S. tax system since the beginning of the income tax. With this act, Congress promised individuals and businesses lower tax rates on their income, provided they gave up or reduced many popular income tax deductions.
The Tax Reform Act replaced 15 previous law tax brackets, which had a top tax rate of 50 %, with a system that had only two tax brackets – 15 % and 28 %. Increases in the personal exemption, or the amount of income exempted from taxes for each person dependent on the income tax filer, and the standard tax deduction, which is used by filers who do not itemize deductions, was designed to eliminate taxes for millions of low-income Americans. In fact, most filers with taxable incomes of less than $ 20,000 pay a lot less in taxes.
A major feature of the tax reform is that many itemized tax deductions that were permitted under the previous law were reduced or eliminated, including sales tax deductions and deductions for interest paid on credit cards, store charge cards, installment loans or auto loans. Deduction of up to $ 2,000 put in an Individual Retirement Account is still permitted, but under the new law it is limited to filers not covered by a retirement plan at work, or filers whose annual income is below $ 25,000 for individuals or $ 40,000 for married couples. In addition, a minimum tax of 21% will be imposed on any individuals or businesses who would seek to make extensive use of deductions to reduce their tax liability.
Many supporters of the 1986 Tax Reform Act say that reform was driven by a desire to improve the fairness of the federal income tax system. Although the federal income tax had been implemented by Congress according to the principle of progressivity, the proliferation of tax exemptions, exceptions and loopholes had made progressivity an illusion – one allowing many rich people and businesses to pay lower taxes than less affluent ones. The new law sharply reduces progressivity but aims at restoring confidence in the system by eliminating inequities. The new law reasserts the objective of collecting tax revenue fair, considering the idea of using taxes to accomplish some other social or economic good.