00:01
Okay, so let's discuss the meaning of tax.
00:09
It is the amount which is collected by government in form of revenue from the public.
00:49
Okay, so tax is the amount which is collected by government in form of revenue from the public.
01:05
Okay, however, we will take certain examples to see that how many types of taxation policy we have.
01:15
Okay, let's just suppose there is a person mr.
01:18
A, there is person mr.
01:23
B and there is a second person mr.
01:26
C.
01:27
Okay, so mr.
01:28
A earns $10 ,000 of income.
01:34
Mr.
01:35
B, 20 ,000 and mr.
01:38
C, 30 ,000.
01:41
However, the tax.
01:43
Is paid by mr a mr b and mr c are 2 000 okay 3 000 and 4 000 okay so what do you think what will be the rate of tax for each of them first of all 2 000 divided by 10 000 will give us will give us what rate 20 % okay this is the this rate will be the average tax tax rate, table by mr...