{"id":519,"date":"2022-10-04T09:48:17","date_gmt":"2022-10-04T09:48:17","guid":{"rendered":"https:\/\/webfastsg.com\/offshore\/?post_type=encyclopedia&#038;p=519"},"modified":"2022-10-04T09:48:17","modified_gmt":"2022-10-04T09:48:17","slug":"income-tax","status":"publish","type":"encyclopedia","link":"https:\/\/webfastsg.com\/offshore\/encyclopedia\/income-tax\/","title":{"rendered":"Income Tax"},"content":{"rendered":"<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Income tax is a tax levied on individuals or entities that arise from their respective incomes. The income tax rate is typically progressive, meaning that as an individual's income increases, so does the percentage of their income that is taxed. The purpose of the income tax is to raise revenue for the government in order to fund public goods and services. The income tax is one of the most important sources of revenue for governments around the world.&quot;}\" data-sheets-userformat='{\"2\":769,\"3\":{\"1\":0},\"11\":4,\"12\":0}'>Income tax is a tax levied on individuals or entities that arise from their respective incomes. The income tax rate is typically progressive, meaning that as an individual&rsquo;s income increases, so does the percentage of their income that is taxed. The purpose of the income tax is to raise revenue for the government in order to fund public goods and services. The income tax is one of the most important sources of revenue for governments around the world.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income tax is a tax levied on individuals or entities that arise from their respective incomes. The income tax rate is typically progressive, meaning that as an individual&#8217;s income increases, so does the percentage of their income that is taxed. The purpose of the income tax is to raise revenue for the government in order &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/income-tax\/\"> <span class=\"screen-reader-text\">Income Tax<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"encyclopedia-tag":[],"class_list":["post-519","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia\/519"}],"collection":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/media?parent=519"}],"wp:term":[{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia-tag?post=519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}