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Incidence of indirect taxes indicate how much burden of indirect taxes will be borne by the producers and how much by the consumers by way of rise in price.
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What is the definition of direct and indirect taxes with one example?
Answer 1Direct taxes are aimed at a particular type of person, for example income tax. There are brackets, and the more you earn the more you pay. Indirect taxes, such as VAT are the same for everyone, so the poor are hit harder than the rich.Answer 2Direct taxes are the taxes for which the liability and the incidence of tax lies on the same person,whereas ,in case of indirect taxes, the liability and the incidence of the tax lies on different persons.Say,income tax is a direct tax & it is paid by the same person on whom it is levied.But in case of sales tax,which is an indirect tax,it is levied on the seller but it is actually paid by the buyer by means of increase in price of the product.
Advantages and disadvantages of indirect taxes?
The advantages of indirect taxes accrue only to the politicians who implement them. The disadvantages of indirect taxes are that they are hidden from the taxpayer.
What are indirect taxes?
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
Why should you add indirect taxes and depreciation?
why should we add indirect taxes and depreciation?
The difference between direct taxs and indirect taxs and give examples of each?
The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.
What is the definition of direct and indirect taxes with one example?
Answer 1Direct taxes are aimed at a particular type of person, for example income tax. There are brackets, and the more you earn the more you pay. Indirect taxes, such as VAT are the same for everyone, so the poor are hit harder than the rich.Answer 2Direct taxes are the taxes for which the liability and the incidence of tax lies on the same person,whereas ,in case of indirect taxes, the liability and the incidence of the tax lies on different persons.Say,income tax is a direct tax & it is paid by the same person on whom it is levied.But in case of sales tax,which is an indirect tax,it is levied on the seller but it is actually paid by the buyer by means of increase in price of the product.
Advantages and disadvantages of indirect taxes?
The advantages of indirect taxes accrue only to the politicians who implement them. The disadvantages of indirect taxes are that they are hidden from the taxpayer.
What are indirect taxes?
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
Is sales tax direct or indirect?
Direct taxation is defined as the tax which is directly levied on the citizens of a country. All individuals and business concerns have to pay direct taxes to the government on a regular basis. These direct taxes are calculated on every source of income that accrues to the business of individual.On the other hand, the citizens of a country are charged certain levies indirectly as well. These indirect levies are known as indirect taxes. These are the taxes payable on an activity or a commodity. Some common examples of indirect taxes are sales tax and excise tax.
Why should you add indirect taxes and depreciation?
why should we add indirect taxes and depreciation?
Explain the difference between a direct tax and Indirect tax?
1. The allocative effects of direct taxes are superior to those of indirect taxes. 2. Direct taxes are progressive and they help to reduce inequalities. 3. The administrative costs of direct taxes are more than that of indirect taxes. 4. Direct taxes are more flexible than that of indirect taxes. 5. Indirect taxes are more growth oriented than direct taxes.
Are indirect taxes?
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
The difference between direct taxs and indirect taxs and give examples of each?
The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.
What is the difference between direct and indirect taxes?
A direct tax is one that is taken directly from the individual, such as income tax. Indirect taxes, such as sales tax, are collected by merchants and taken from the consumer. Indirect taxes also lead to inequalities while direct taxes do not.
Discuss the use of indirect taxes and subsidies by governments to deal with externalities?
discuss the use of indirect taxes and subsidies by governments to deal witn externalities
What is the difference between direct tax and indirect ta?
A direct tax is one that is taken directly from the individual, such as income tax. Indirect taxes, such as sales tax, are collected by merchants and taken from the consumer. Indirect taxes also lead to inequalities while direct taxes do not.
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
