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LSDefine

Simple English definitions for legal terms

occupation tax

Read a random definition: Regiam Majestatem

A quick definition of occupation tax:

An occupation tax is a type of tax that the government charges people, businesses, or property to generate public revenue. It is a way for the government to collect money to support public needs. The tax can be paid in different forms, not just money. It is a charge on the things people do, own, or enjoy. For example, an admission tax is a tax that is included in the price of admission to an event. An accumulated-earnings tax is a penalty tax imposed on a corporation that has retained its earnings to avoid paying income tax.

A more thorough explanation:

An occupation tax is a type of tax imposed by the government on individuals, businesses, or property related to their occupation or profession. It is a monetary charge that generates public revenue for the government.

The term tax refers to all types of governmental impositions on people, property, privileges, occupations, and enjoyment of the people. It includes duties, imposts, and excises. Taxes are enforced proportional contributions from persons and property, levied by the state by virtue of its sovereignty for the support of government and for all public needs.

Examples of occupation taxes include:

  • Professional license fees
  • Business permit fees
  • Hotel occupancy taxes
  • Amusement taxes

For instance, a professional license fee is an occupation tax imposed on individuals who want to practice a particular profession, such as doctors, lawyers, and engineers. The fee generates revenue for the government and helps regulate the profession.

Similarly, a business permit fee is an occupation tax imposed on businesses that want to operate in a particular area. The fee generates revenue for the government and helps regulate businesses in the area.

Overall, occupation taxes are a way for the government to generate revenue while regulating professions and businesses in a particular area.

occupational tax | occupavit

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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