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An ad valorem tax is a tax based on the value of a transaction or a property. Learn about different types of ad valorem taxes, such as property tax, sales tax, and value-added tax, and their history and operation.
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Compare the main types of taxes in different countries and territories, such as corporate tax, individual income tax, and sales tax. See the lowest and highest marginal rates, as well as any exemptions or rebates, for each tax category.
Proposition 13 is a constitutional amendment that limits property taxes and requires supermajority votes for tax increases in California. It was enacted in 1978 by a popular initiative and has been called the "third rail" of California politics.
The Tax Cuts and Jobs Act (TCJA) is a 2017 U.S. tax reform law that reduced rates for businesses and individuals, increased standard deduction and family tax credits, and limited some deductions. The law was enacted by the 115th Congress and signed by President Trump, and most of its changes went into effect in 2018.
Learn about the different types of taxes in Israel, such as income tax, corporate tax, value-added tax, and national insurance. Find out the current rates, filing status, and history of taxation in Israel.
Learn how capital gains are taxed in the US, depending on the investor's tax bracket, the holding period, and the type of asset. Find out the current rates, exemptions, and exceptions for federal and state taxes.
Learn about the state and local sales taxes that apply to most goods and some services in the US. Find out how sales tax is calculated, collected, and administered, and what are the exemptions and rates for different types of transactions.
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