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Weirdest Types of Taxable Income in the WorldMost working adults are accustomed to taxable income already.And paying taxes is no fun - you have to pay taxes on your income and also deal with many other payments, such as bills or food. Not to mention that certain unexpected situations may also occur from time to time and you might have to pay for a medical emergency or an Ashland personal injury lawyer if you suffer an injury at work. But some taxes make you laugh when you think about them. The U.S. has some weird taxes, such as a blueberry tax and tattoo tax, and many others. However, throughout the world, you can find many other weird taxes. If you want to be informed but also have a good laugh, here are some of the weirdest types of taxable income in the world. Canadian Cereal ToysPeople who make children's breakfast cereal in Canada are usually exempt from taxes if they make sure to include some free toys with the product.But there is an exception - the exemption is limited to toys that aren't wine, liquor, or beer. It's funny to even think that any cereal for children would include these "toys" to begin with. It's an exemption, but it's still funny. Robot Tax in South KoreaA lot of workers end up being replaced by machines, and that led to a lot of lost income tax.So, to recover the income tax, South Korea came up with a tax on robots, and it's the first in the world of the sort. However, it is important to know that it is more of a reduction of a tax break. The South Korean government will make sure to decrease the tax deduction (by up to two percent) for a company that made investments in automation. Jock TaxThe jock tax includes the income of professional athletes.It applies to multiple states of the U.S. - California is a good example in this regard. There is a tax imposed on the income professional athletes earn in states or cities that are not their home state or city. Isn't that weird? If you wanted to be a professional athlete in California, you will have to pay taxes for earning money in a different state. The Decimation TaxThis is an old tax, but it still deserves a mention.Oliver Cromwell, who was a reputable English military and political leader and later the Lord Protector of England, Ireland, and Scotland in the 1600s, imposed the decimation tax. This tax applied to his political enemies, aka the Royalists. What happened is that the tax took one-tenth of the property that belonged to the Royalists. The money obtained was used to fund his activities against political opponents. Final ThoughtsThere are many weird taxes out there, and sometimes you just need to know if some people have it worse in other parts of the world.Not to mention that some of them are just too funny not to be mentioned. So, we hope this information was both helpful and amusing. More Articles: What Should You Know About Motorcycle Taxes? How to Claim Your Pet on Your Taxes Weirdest Taxes People Pay Throughout the World How To File Taxes As A Forex Trader How Do I Form and Incorporate A Company In Canada? Critical Illness Cover 5 cardinal rules of trading the CFD market The Pros and Cons of Online Instalments Loans Things to Know for Divorcing Couples Who Owe Back Taxes Everything to Know about Taxes on Foreign Real Estate Employment Income Taxes Worldwide Taxes - What's Legal and What's a Crime Weirdest Types of Taxable Income in the World Potential Tax and Money Habits that Make for a Crime |
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