Abstract
In this chapter, we present basic tax law information which build the basis for the examples throughout the book. First, we show which types of taxes contribute to the tax revenue in various countries and we show which taxpayers contribute to national income tax revenue based on information from Germany and the United States. Second, we explain progressive tax rate functions for individual income taxes as well as corporate income tax rate functions in both countries. For OECD countries we present marginal tax rates. The definitions of income tax bases are presented briefly. Treatment of capital income typically deviates from other income types; therefore, we explain taxation of capital income separately. We refer to national tax codes as from 2010.
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© 2011 Springer-Verlag Berlin Heidelberg
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Schanz, D., Schanz, S. (2011). Tax Facts. In: Business Taxation and Financial Decisions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-03284-4_4
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DOI: https://doi.org/10.1007/978-3-642-03284-4_4
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