Income tax on foreign enterprises shall be assessed at progressive rates for the parts in excess of a specific amount of taxable income.

外国企业的所得税，按应纳税的所得额超额累进计算。

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If you have a non-retirement CD earning 1%, there will be income tax assessed on what the CD earns.

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While some people do owe the tax assessed because they did forget to report income, a large percentage of them owe only a part of the proposed amount or none at all.

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This tax is assessed to filers who have large amounts of certain types of income, such as ISO bargain elements or municipal bond interest, and is designed to ensure that the taxpayer pays at least a minimal amount of tax on income that would otherwise be tax-free.

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