What does direct tax mean?
Definitions for direct tax
di·rect tax
This dictionary definitions page includes all the possible meanings, example usage and translations of the word direct tax.
Princeton's WordNet
direct taxnoun
a tax paid directly by the person or organization on whom it is levied
Wikipedia
Direct tax
Though the actual definitions vary between jurisdictions, in general, a direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. The term may be used in economic and political analyses, but does not itself have any legal implications. However, in the United States, the term has special constitutional significance because of a provision in the U.S. Constitution that any direct taxes imposed by the national government be apportioned among the states on the basis of population. In the European Union direct taxation remains the sole responsibility of member states.
ChatGPT
direct tax
A direct tax is a type of tax that is imposed directly on an individual or organization by the government, based on the value of money, property, or income. This means the tax burden can't be shifted to another person or entity. Examples of direct taxes include income taxes, property taxes, and corporate taxes. The amount of these taxes usually varies in proportion to the value of the asset or the net income and are typically progressive in nature, meaning that the tax rate increases with the increase in taxable amount.
Wikidata
Direct tax
The term direct tax generally means a tax paid directly to the government by the persons on whom it is imposed. However, there are other definitions as well, under which taxes paid directly from individuals to the government are not legally classified as direct taxes, as described below.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of direct tax in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of direct tax in Pythagorean Numerology is: 5
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"direct tax." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/direct+tax>.
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