Difference between revisions of "Direct tax"
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(New page: 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 ...) |
(No difference)
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Revision as of 22:22, April 4, 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.