The correct answer is Option 3: Excise tax
An indirect tax is one that is collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax (such as the consumer). Here is the breakdown for each option:
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Income Tax: This is a direct tax levied on an individual's or corporation's income. It is paid directly to the government by the individual or business that earns the income.
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Wealth Tax: This is also a direct tax that is levied on an individual's or corporation's net wealth or assets. It is paid directly to the government by the owner of the wealth.
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Excise Tax: This is an indirect tax that is imposed on the manufacture or sale of certain goods. It is typically included in the price of the goods and collected from the consumer by the retailer, who then passes it on to the government.
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Property Tax: This is a direct tax imposed on property owners based on the value of their property. It is paid directly to the government by the property owner.
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