Excise tax a+
An excise tax or sales tax is calculated on a per-item basis
indirect tax A+
it is an indirect tax
indirect tax
net indirect tax = tax - subsidies
Excise tax a+
An excise tax or sales tax is calculated on a per-item basis
An excise tax or sales tax is calculated on a per-item basis
indirect tax A+
An indirect tax is originally paid by the consumer. For instance, when you pay sales tax on an item at the store, the tax is submitted by the store, but was originally paid by you.
it is an indirect tax
indirect tax
excise taxA+
net indirect tax = tax - subsidies
One example of indirect tax is Income Tax.
indirect tax
A direct tax is tax paid directly to the Government, by a person whom the tax is imposed on. An indirect tax is paid indirectly to the Government, trough a third party.A direct tax would be taxes like income taxes, where a person must personally pay a certain amount to the government. Indirect taxes are taxes such as property, social security, and sales tax, where there price of tax is either deducted from wages or added onto the payment of an item. The indirect taxes are paid the Government by the business that collects the tax.