difference b/w direct tax and indirect tax
the difference between a direct tax is one that must be paid directly to the government by the person on whom it is imposed and indirect tax is one first paid by one person but then passed on to another.
A direct tax is a tax exacted directly from the persons who will bear the burden of it (without reimbursement to them at the MORE?.An example of direct taxation would be income taxes that are collected from the people who actually earn their income...more
A direct tax is a tax exacted directly from the persons who will bear the burden of it (without reimbursement to them at the MORE?.An example of direct taxation would be income taxes that are collected from the people who actually earn their income...more
A direct tax is one that is taken directly from the individual, such as income tax. Indirect taxes, such as sales tax, are collected by merchants and taken from the consumer. Indirect taxes also lead to inequalities while direct taxes do not.
A direct tax is one that is taken directly from the individual, such as income tax. Indirect taxes, such as sales tax, are collected by merchants and taken from the consumer. Indirect taxes also lead to inequalities while direct taxes do not.
Direct taxation is when you tax the consumerIndirect is when you tax the merchantbecause the item being taxed would go from merchant>>>consumerthe merchant make his price higher because the consumer doesnt have to pay tax but he does.
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
direct tax
Toll tax is a direct tax
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
1. The allocative effects of direct taxes are superior to those of indirect taxes. 2. Direct taxes are progressive and they help to reduce inequalities. 3. The administrative costs of direct taxes are more than that of indirect taxes. 4. Direct taxes are more flexible than that of indirect taxes. 5. Indirect taxes are more growth oriented than direct taxes.
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.