Excise tax a+
indirect tax
Ad valorem tax is a tax placed upon the value of real estate or personal property. Ad valorem is a Latin term meaning "according to value." This type of tax can be assessed on the item at the point of sale (a sales tax), on an annual basis (property taxes), or in conjunction with a major life event (inheritance tax). Most commonly in the United States, ad valorem tax refers to property tax or the tax that you have to pay per year on your real estate holdings. Find out the millage for your county or city, or both, by contacting the tax office. This is the percentage that your land is taxed.Multiply your real estate's assessed value by the millage rate and divide by 1000. For example, if your property's assessed value is $100,000 and your millage rate is 50, your taxes will be $5,000.
No, income tax is calculated after all other fixed and variable costs are considered and deducted from gross sales. That number is your Net Profit, and income tax is calculated based on that number (not on the number of units one produces).
sales tax
Yes; a government tax per unit of output reduces supply.
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.