Finance Resources
Investment Planning
Stock Market
Futures & Options
Mutual Funds
Home » Taxation » Types of Taxation

Types of Taxation

There are different types of taxtion. Taxes are usually classified into two different types:

  • Direct Taxation.
  • Indirect Taxation.

Direct Taxation:

In terms of economics, direct taxes refer to that form of taxes collected from the individual or organization on which they are apparently imposed. For instance, income taxes are collected from the person who earns the income or the case of paying gift tax. In U.S Constitutional provision, however, the direct taxation has a different meaning; it usually refers to the property tax or the poll taxes, which are based on simple logic of ownership or existence.

Indirect Taxation:

By contrast, in terms of economics, indirect taxes are just opposite to that of direct taxation. Indirect taxes are collected from some one other than the person apparently responsible for paying the taxes, and are usually collected by an intermediary body, like for example retail store, which collects the sales taxes from the proceeds during the purchase. The intermediary body later files a tax return and forwards the tax proceeds to government with return. So the contrast from direct taxation is quite evident, while in the first case it was directly collected by government from the individual or the organization on which it is imposed, and in indirect taxation it requires one intermediary body. Again the concept of indirect taxation is a bit different according to the U.S Constitution. Indirect taxes are usually imposed on rights, privileges, and activities of any individual or organization. Thus, if you are an American citizen and you are selling off your property, would invite an indirect taxation on you.


taxation, direct taxation, indirect taxation, tax planing, tax, direct taxation, indirect taxation, property tax, poll tax

Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.