Systems of personal income taxation in developed countries

Abstract

Personal income tax is one of the most important taxes in the taxation system of any country. Revenues from this tax are the most abundant in the structure of direct taxes, an individual or a family is taxed by personal income tax, and this tax cannot be shifted to others, but the taxpayer pays it from their own salary. The tax systems of modern states have different models of income tax: analytical, synthetic, mixed, dual and proportional (flat) model. The aim of this paper is to highlight the advantages and disadvantages of synthetic methods of personal income tax, as the predominant model, which is most common in modern tax systems.

Keywords

• personal income tax
• synthetic system
• generosity
• justice