What is tax | Taxation explained

  Рет қаралды 93,970

The Explained Channel

The Explained Channel

3 жыл бұрын

Explaining the concept of taxation, direct and indirect taxes in the simplest possible manner.
#Tax #Taxation
Few questions answered in this video:
What is tax and types of taxes?
What is income tax?
What is Excise tax?
What is Service tax?
What is Sales tax?
What is export and import tax?
Special Thanks to Colin for voice over :)
Animated videos covering wide range of topics. Science, astronomy, engineering and technology, biology, economics, history. You name it we have it.

Пікірлер: 120
@jerome1471
@jerome1471 3 жыл бұрын
underrated video, this is really good and really well made
@theexplainedchannel
@theexplainedchannel 3 жыл бұрын
thank you so much 🙂
@abdusalomabdukayumov8640
@abdusalomabdukayumov8640 3 жыл бұрын
Yess
@theeconomistbyiram6307
@theeconomistbyiram6307 11 ай бұрын
kzfaq.info/get/bejne/gLeCiLeH2Lq9qWQ.html
@user-bm4xp1gp2n
@user-bm4xp1gp2n 4 ай бұрын
Yes this helped sm!!
@theexplainedchannel
@theexplainedchannel 3 жыл бұрын
Something different this time. Taxation explained in the simplest way possible.
@Shyhalu
@Shyhalu 3 жыл бұрын
You forgot all the fat 500 pound welfare twats my taxes go to.
@smile4self
@smile4self 3 жыл бұрын
I love the story
@wajeedatabassum9721
@wajeedatabassum9721 2 жыл бұрын
Sir how people were categorised
@MeowMelodyy
@MeowMelodyy 3 жыл бұрын
So informative and easy to understand . You're amazing teacher
@GasserGaming1
@GasserGaming1 Жыл бұрын
Your right!!
@theeconomistbyiram6307
@theeconomistbyiram6307 11 ай бұрын
kzfaq.info/get/bejne/gLeCiLeH2Lq9qWQ.html
@smile4self
@smile4self 3 жыл бұрын
I love this video... Informative, educative and entertaining...
@azania9352
@azania9352 Жыл бұрын
Thank you man This was so amazing and informative. It is simple and an easy listen
@1A.....
@1A..... 2 жыл бұрын
Underrated channel
@artist8150
@artist8150 3 жыл бұрын
Best explanation ever 👍🏻👍🏻
@applebanana8342
@applebanana8342 Жыл бұрын
amazing explanation. I love it !
@davidmwithiga
@davidmwithiga 2 ай бұрын
A very informative video. Well done.
@myrden
@myrden Ай бұрын
Thank you, this was very informative.
@bayardgarmendi6892
@bayardgarmendi6892 Жыл бұрын
God bless you all thanks for the video. My Economics teacher send it to my grade.
@IdontKnow-ec2ep
@IdontKnow-ec2ep 3 жыл бұрын
Time to subscribe!😎
@shazanasabri
@shazanasabri 3 жыл бұрын
thank you this video is very helpful :)
@colincrosbie9315
@colincrosbie9315 3 жыл бұрын
Welcome back!
@mhai3305
@mhai3305 3 жыл бұрын
AWEE!!! joey and Chandler Joey always seemed to be the stronger one. Haha
@mollymol522
@mollymol522 3 жыл бұрын
its the friends reference for me!
@keeplearning4877
@keeplearning4877 2 жыл бұрын
It's very simple to understand
@GasserGaming1
@GasserGaming1 Жыл бұрын
tysm i learned alot!
@manishkundapur5280
@manishkundapur5280 3 жыл бұрын
Cool video 🙏🏼
@niknaks8
@niknaks8 3 жыл бұрын
went here because I got a raise at work and so did the tax when I checked the pay I got.. wanted to confirm if I'm not mistaken about what I think taxes are supposed to be doing to a country. unfortunately our government isn't being a good Joey and it makes me wonder everytime.
@nifa8269
@nifa8269 3 ай бұрын
A very professional and interesting video. Can I download the video and subtitle it myself before uploading it to China Video Network?
@whisperingsage
@whisperingsage 3 жыл бұрын
"An income tax is neither a property tax nor a tax on occupations of common right, but is an excise tax...The legislature may declare as 'privileged' and tax as such for state revenue, those pursuits not matters of common right, but it has no power to declare as a 'privilege' and tax for revenue purposes, occupations that are of common right." “The right to engage in an employment, to carry on a business, or pursue an occupation or profession not in itself hurtful or conducted in a manner injurious to the public, is a common right, which, under our Constitution, as construed by all our former decisions, can neither be prohibited nor hampered by laying a tax for State revenue on the occupation, employment, business or profession. ... Thousands of individuals in this State carry on their occupations as above defined who derive no income whatever therefrom. But, where an income is derived from any occupation, business, profession or employment, then the Legislature may lay thereon a tax...” Sims v. Ahrens, 271 SW 720 (Ark. S. Ct. 1925) Definition of employee; [1] 5 U.S.C. Sec. 552a (13). the term “Federal personnel” means officers and employees of the Government of the United States, members of the uniformed services (including members of the Reserve Components), individuals entitled to receive immediate or deferred retirement benefits under any retirement program of the Government of the United States (including survivor benefits). See also 26 C.F.R. 301.6331-1 further identifies the federally privileged persons as “(4)(i) Federal employees, (ii) State and municipal employees and (iii) Seamen” See also enforcing regulation for 26 U.S.C. Sec. 6331 - Levy and distraint, which is found under Title 27 Part 70 (Intoxicating Liquors), to identify federally privileged persons found under Title 27.
@MikeIce4SG
@MikeIce4SG 2 жыл бұрын
So thats how the Americans have this taxes. Thanks for the info
@dollygarg4019
@dollygarg4019 Ай бұрын
Thankyou
@Memordry
@Memordry Ай бұрын
wow now i understand tax
@CrochetByMax
@CrochetByMax 2 ай бұрын
Yup
@KikiBluntz
@KikiBluntz 8 ай бұрын
Sooo I was showing my children this video because it’s a cartoon version. Not even .20 seconds in a whole damn fight broke out. What the hell 😂 that was awesome. And yea I came back to see who won the fight 😂
@royalroyal4776
@royalroyal4776 Жыл бұрын
Thank u
@pepepopo_man
@pepepopo_man Жыл бұрын
I am 12 and good to know tax and responsibility for now
@mthulisiman2353
@mthulisiman2353 Жыл бұрын
Nice definition
@DerekPK
@DerekPK Жыл бұрын
My definition of taxes are that since people don’t want to freely give money to the government, the government decides to threatening it’s people with jail if they don’t pay the percentage they demanded.
@tatai_007
@tatai_007 2 жыл бұрын
I heard that export is tax free because we can't export tax .I didn't get the thing, can you explain it in a video?
@RutoTime
@RutoTime Жыл бұрын
Wow
@AminM9
@AminM9 3 жыл бұрын
the song is really boring but the explanation is really good thank you
@eggward6548
@eggward6548 3 жыл бұрын
I think this chandler is like the one in MrBeast
@EmdeeTiamiyu
@EmdeeTiamiyu Жыл бұрын
I think Joey was behind all the attacks from the get go. He disguised as a robber to attack Chandler's farm, instilled fear and then commercialised the attacks. A very questionable Joey. 🙃🙃🙄🙄🙃🙃
@sudhirpatel7620
@sudhirpatel7620 2 жыл бұрын
Joey the king tax collector. 🤴
@SuperGreatSphinx
@SuperGreatSphinx Жыл бұрын
GOD SAVE THE KING
@kelseymifsud4856
@kelseymifsud4856 3 жыл бұрын
shout out to friends looking joey and chandler
@DavidTehDude
@DavidTehDude Жыл бұрын
If Joey's services was voluntary I wouldn't call that a tax. A tax is an involuntary service that you can't opt out from unless you buy an offshore passport with the cheapest one going for around 80K dollars.
@anonymouscheesepie3768
@anonymouscheesepie3768 3 жыл бұрын
a
@odanielsokonkworaniesi4264
@odanielsokonkworaniesi4264 Жыл бұрын
What if Joey begins to recruit robbers as a way to increase his demand on those he is protecting?
@whisperingsage
@whisperingsage 3 жыл бұрын
Definition of Employee IRC 3401 (c ) For the purposes of this chapter, the term “employee” includes an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. Definition of employee; [1] 5 U.S.C. Sec. 552a (13). the term “Federal personnel” means officers and employees of the Government of the United States, members of the uniformed services (including members of the Reserve Components), individuals entitled to receive immediate or deferred retirement benefits under any retirement program of the Government of the United States (including survivor benefits). See also 26 C.F.R. 301.6331-1 further identifies the federally privileged persons as “(4)(i) Federal employees, (ii) State and municipal employees and (iii) Seamen” See also enforcing regulation for 26 U.S.C. Sec. 6331 - Levy and distraint, which is found under Title 27 Part 70 (Intoxicating Liquors), to identify federally privileged persons found under Title 27. 26 CFR § 31.3401(c)-1 Employee: (h) Although an individual may be an employee under this section, his services may be of such a nature, or performed under such circumstances, that the remuneration paid for such services does not constitute wages within the meaning of section 3401(a). 'The terms "excise tax" and "privilege tax" are synonymous. The two are often used interchangeably.' (American Airways v. Wallace 57 F.2d 877, 880) "An income tax is neither a property tax nor a tax on occupations of common right, but is an EXCISE tax...The legislature may declare as 'privileged' and tax as such for state revenue, those pursuits not matters of common right, but it has no power to declare as a 'privilege' and tax for revenue purposes, occupations that are of common right." (Simms v. Ahrens, 271 SW 720) (1925) "We are of opinion, however, that the confusion is not inherent, but rather arises from the conclusion that the 16th Amendment provides for a hitherto unknown power of taxation; that is, a power to levy an income tax which, although direct, should not be subject to the regulation of apportionment applicable to all other direct taxes. And the far reaching effect of this erroneous assumption..." (Brushaber v. Union Pacific Railroad Co. 240 US 1) (1916)
@weryoni5655
@weryoni5655 2 жыл бұрын
do u want 3 chken nuggets
@JohnSmith-mr8wc
@JohnSmith-mr8wc 3 ай бұрын
1:36 who bot goods...Arkansas?
@jeff346
@jeff346 2 жыл бұрын
I paid tax but I did not get any of the benefits..
@meliodas1041
@meliodas1041 2 жыл бұрын
How much did you paid
@mark5338
@mark5338 2 жыл бұрын
What is tax. Tax is theft.
@jelly.212
@jelly.212 2 ай бұрын
No it's not
@PTAdnan
@PTAdnan Ай бұрын
Tax is NOT theft. It is ur payment in return for protection. THE PROBLEM IS, some governments receive TAX BUT DO NOT PROTECT IT'S PEOPLE. In that case, it becomes theft.
@Memordry
@Memordry Ай бұрын
Fact ​@@PTAdnan
@AdilKhan-mq2ky
@AdilKhan-mq2ky Ай бұрын
@user-0null00
@user-0null00 2 жыл бұрын
JOEY ABSOLUTE CHAD.
@DerekPK
@DerekPK Жыл бұрын
Now we pay taxes since we don’t want to go to jail.
@scriptguy3473
@scriptguy3473 Жыл бұрын
I’m 10 and I know what quantum Physics is
@carlospepitos153
@carlospepitos153 2 ай бұрын
Theft, there I answered it in 1 word
@devdey3347
@devdey3347 2 жыл бұрын
Joye op
@Assenayo
@Assenayo Жыл бұрын
So it's theft basically
@satwikarnav970
@satwikarnav970 3 жыл бұрын
Are you indian??
@playerskul8732
@playerskul8732 2 жыл бұрын
His not
@waiphyotun7633
@waiphyotun7633 5 ай бұрын
Joey and Chandler are wrongly represented xD
@dollygarg4019
@dollygarg4019 Ай бұрын
🫰
@k.k8791
@k.k8791 Жыл бұрын
But they can always loot you
@eazy_james417
@eazy_james417 2 жыл бұрын
Sounds like extortion
@mglintro8149
@mglintro8149 11 ай бұрын
I didn't even think taxes were real lol, I think paying taxes is cruel and should be outlawed at once
@FloridaMan69.
@FloridaMan69. 3 жыл бұрын
my armpit stinks
@privatejoker9828
@privatejoker9828 3 жыл бұрын
Happily ever after my ass.go Calculate just how much you get taxed in total and you will figure out that you actually work for next to nothing and your income instead of 15.50 an hour is more like 8
@RutoTime
@RutoTime Жыл бұрын
Wow
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