Practicing Success
What are the taxes imposed on incomes of individuals known as? |
Indirect tax Direct taxes Tariffs None of the above |
Direct taxes |
A direct tax is a tax that a person or organization pays directly to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual taxpayer directly to the government. The burden of the tax is directly borne by the individual. |