IP stands for Internet Protocol; it is the network layer of the collection of protocols (or protocol suite) developed for use on the Internet and commonly known as TCP/IP.Later, the TCP/IP protocols were adopted by the UNIX OSs.They have now become the most commonly used protocol suite on PC LANs.P and TCP/IP. IP stands for Internet Protocol; it is the network layer of the collection of protocols (or protocol suite) developed for use on the Internet and commonly known as TCP/IP. Later, the TCP/IP protocols were adopted by the UNIX OSs.
What is an 'Income Tax' An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
The tax reform law makes changes designed to limit the impact of the tax. The law will raise the minimum income level at which the AMT could apply, from $50,600 to $70,300 for individuals and from $78,750 to $109,400 for couples married filing jointly. New corporate tax rate and pass-through tax rate. Corporate tax rates will be cut to 21% beginning in 2018. That tax cut is not scheduled to expire.