What is Income Tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Income tax Chapter 2: Taxation in the United States Chapter 3: Flat tax Chapter 4: Dividend tax Chapter 5: Tax deduction Chapter 6: Payroll tax Chapter 7: Capital gains tax Chapter 8: Corporate tax Chapter 9: Tax exemption Chapter 10: Double taxation Chapter 11: State income tax Chapter 12: Tax withholding Chapter 13: Gross income Chapter 14: Income tax in the United States Chapter 15: Taxable income Chapter 16: Income tax in Australia Chapter 17: International taxation Chapter 18: Income tax in Canada Chapter 19: Corporate tax in the United States Chapter 20: Foreign tax credit Chapter 21: Taxation in Germany (II) Answering the public top questions about income tax. (III) Real world examples for the usage of income tax in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Income Tax.