direct taxes Synonyms
direct taxes Meaning
direct taxes
a tax exacted directly from the taxpayer, a tax imposed on a taxpayer himself or herself or on his or her property compare excise
direct taxes Sentence Examples
- Direct taxes are levied directly on an individual's income, wealth, or property.
- Unlike indirect taxes, direct taxes are imposed on the taxpayer rather than being passed on to consumers.
- Income tax, wealth tax, and property tax are common examples of direct taxes.
- Direct taxes generally fall into two categories: progressive and proportional.
- Progressive direct taxes increase in rate as the taxpayer's income or wealth increases.
- Proportional direct taxes impose the same rate on all taxpayers, regardless of their income or wealth.
- Direct taxes are considered more equitable than indirect taxes, as they take into account the taxpayer's ability to pay.
- The collection of direct taxes is typically more straightforward than indirect taxes.
- Direct taxes can be used to regulate certain behaviors, such as encouraging savings or investment.
- The implementation of direct taxes is often accompanied by measures to combat tax evasion and avoidance.
FAQs About the word direct taxes
a tax exacted directly from the taxpayer, a tax imposed on a taxpayer himself or herself or on his or her property compare excise
property taxes,personal taxes, income taxes, withholding taxes, taxes, poll taxes, duties, tariffs, excises, impositions
No antonyms found.
Direct taxes are levied directly on an individual's income, wealth, or property.
Unlike indirect taxes, direct taxes are imposed on the taxpayer rather than being passed on to consumers.
Income tax, wealth tax, and property tax are common examples of direct taxes.
Direct taxes generally fall into two categories: progressive and proportional.