An income tax is levied on any income that exceeds deductions.

Donations to philanthropic programs are tax exempt.

Something, so you want more?

The tax agent allowed the deduction.

But interest on a mortgage is tax deductible.

You're assuming interest only loans.

It doesn't matter what it is.

Investments are supposed to make money.

And we're a non profit foundation, you can give us the property and take a hell of a tax deduction.

So, taxes, this is property tax.

In Germany, foreign bribery was allowed.

They make you pay more in withholding just to help their cash flow out.

Easy!

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

Your contribution to the school is tax deductible.

The opposition party put forward a bill to reduce income tax.

Tax officials are zeroing in on income tax evasion.

This is, if I didn't have this great tax shelter with this house.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

Subtract from memory

Rich people tend to have more possibilities of hiding parts of their income or avoiding taxes in various ways.

And then of course at a party, when I start to explain this, it's like, ah ha.

It's a vicious circle.

At the till, we are all equals.

The income from this source is tax free.

We pay an income tax at varying rates according to the size of income.

I don't really care about parking tickets I have a 7 million debt.

The IRS might consider that to be income

Poorer households were to be paid a net payment by the state.

This tax is not paid by whoever brings the Latte Macchiato, but by whoever drinks it.

It's a tax writeoff, I needed that.

If you net out all of his little financial engineering, he had to pay 3,000 more in interest, if you net out his profit he made on his little cash bets, his side bets.

And so how much would be spent on taxes?

In Japan, the payroll tax is usually withheld from the monthly salary.

A special tax is imposed on very high incomes.

Here in Los Angeles, in the Bay Area in San Francisco, it became tax deductible in the United States.

Income tax, on the other hand, pretends as if income were the real fruit of my labor because my income is what I bring back home.

A man of wealth has to pay a lot of income tax.

You have a personal tax exemption of 500,000 yen.

Zero and the deductible Superhigh, right? No.

But there are also taxes in the price, that can't be seen, and that arise during the value adding chain.

The income tax rate increases in proportion as your salary rises.

The income tax rate increases in proportion to the salary increase.

Japan is rather different though.

Just the income tax, for example.