What is tax | Taxation explained

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 :)

Animated videos covering wide range of topics. Science, astronomy, engineering and technology, biology, economics, history. You name it we have it.

[jerome]

underrated video, this is really good and really well made

[theexplainedchannel]

Something different this time. Taxation explained in the simplest way possible.

[MeowMelodyy]

So informative and easy to understand . You're amazing teacher

[smileself]

I love this video...
Informative, educative and entertaining...

[azania]

Thank you man This was so amazing and informative.
It is simple and an easy listen

[mhai]

AWEE!!! joey and Chandler
Joey always seemed to be the stronger one. Haha

[bayardgarmendi]

God bless you all thanks for the video. My Economics teacher send it to my grade.

[myrden]

Thank you, this was very informative.

[shazanasabri]

thank you this video is very helpful :)

[niknaks]

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.

[KikiBluntz]

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 😂

[nifa]

A very professional and interesting video. Can I download the video and subtitle it myself before uploading it to China Video Network?

[MikeIceSG]

So thats how the Americans have this taxes. Thanks for the info

[whisperingsage]

"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.

[Susan_z]

In business and in life, may you wear a smile.

[pepepopo_man]

I am 12 and good to know tax and responsibility for now

[AminM]

the song is really boring but the explanation is really good thank you

[tatai_]

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?

[EmdeeTiamiyu]

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. 🙃🙃🙄🙄🙃🙃

[Anthony__i]

Mapping out refund details and anticipated actions