Abstract
An important role in the system of taxation of any State is assigned to the tax on the income of individuals. The purpose of the study tax is to replenish the budget of the country and the subsequent even distribution of vital funds among the population. The money collected from this type of tax is mainly allocated by the state to the social needs of citizens: the management of social processes takes place. The income tax levied on individuals, in its fiscal and regulatory functions, is part of a mechanism that redistributes the income of residents and non-residents: it affects different social strata. In this regard, the authors of the article study the key points of taxation of individuals in Russia and foreign countries. The work examined residents, tax rates, deductions and loans in several States. The authors also conducted a comparative analysis of the main aspects and features of taxes on income of individuals of a number of foreign countries and Russia.
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