TAXATION OF INCOME OF INDIVIDUALS - HISTORY AND MODERN TRENDS
TAXATION OF INCOME OF INDIVIDUALS - HISTORY AND MODERN TRENDS

Summary/Abstract: Fiscal policy is one of the tools by which the state can influence economic development. At the same time, the level of public services depends on the quality of the fiscal system, and, in close correlation with them, the degree of satisfaction of the taxpayers. The amounts resulting from the collection of taxes due for the income obtained by individuals are, at European level, the second most important source of public revenue, after the amounts collected as VAT. Therefore, states pay more attention to how these revenues are taxed. At national level, the return to the progressive taxation system, which would replace the single quota system, has been discussed. For these reasons, this article aims to present some of the most important aspects of personal income taxation.

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