Classification of taxes, Managerial Economics

CLASSIFICATION OF TAXES

Taxes can be classified on the basis of:

a.     Impact of the taxes

It means on whom the tax is imposed.   On the other hand, incidence of the tax refers to who had to bear the burden of the tax.  In this case the taxes may be:

  • Direct or
  • Indirect

b.     Rates of tax

The rate of tax is the percentage of the tax base to be taken in each situation.  In this case the taxes may be:

  • progressive or
  • proportional or
  • regressive or
  • digestive
Posted Date: 11/30/2012 3:06:43 AM | Location : United States







Related Discussions:- Classification of taxes, Assignment Help, Ask Question on Classification of taxes, Get Answer, Expert's Help, Classification of taxes Discussions

Write discussion on Classification of taxes
Your posts are moderated
Related Questions
Question 1: (a) Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. (b) According to you, which kind of economic system is most d

Discuss the determinants of price elasticity of demand


Williamson, Wachter and Harris (1975) suggest promotion incentives within the firm as a substitute to morale-damaging monitoring, where promotion is based on objectively measurable

Define Williamson''s Model of Managerial Discretion practice?

what is market

Q. Evaluate Total Cost - Fixed and Variable ? Total cost (TC) of the firm is a function of output (q). It would increase with the increase in output, which is, it differs dire

Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.

The Circular Flow of Income and Expenditure This is an economic model illustrating the flow of payments and receipts between domestic firms and domestic households. The househo

1. The price of a CD (PC) is $10 and the price of a DVD (PD) is $20. Philip has his income (M) of $100 to spend on the two goods. Consider three consumption bundles: (C, D) = (2, 3