Difference between revisions of "Direct tax"
Jump to navigation
Jump to search
Jazzman831 (talk | contribs) m (fixed tag) |
|||
| Line 1: | Line 1: | ||
| − | A ''' | + | A '''Direct tax''' is a burden carried by the person paying the obligation. It cannot be shifted to others, such as [[consumer]]s. |
| − | [[Personal income tax]]es, [[social security tax]]es and [[death tax]]es are all direct | + | [[Personal income tax]]es, [[social security tax]]es and [[death tax]]es are all direct [[tax]]es. [[Sales tax]]es are not, because a [[merchant]] can shift that tax to his customers. |
==References== | ==References== | ||
Revision as of 13:16, November 23, 2007
A Direct tax is a burden carried by the person paying the obligation. It cannot be shifted to others, such as consumers.
Personal income taxes, social security taxes and death taxes are all direct taxes. Sales taxes are not, because a merchant can shift that tax to his customers.