WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Term: Direct Tax

Definition: A direct tax is a type of tax that is levied directly on individuals or organizations and cannot be transferred to another party. It is directly imposed by the government and is based on the income, property, wealth, or transactions of the taxpayer.

Examples:

1. The income tax imposed by the government is considered a direct tax.
2. Property tax is another example of a direct tax as it is levied directly on property owners.
3. A direct tax can also be imposed on specific transactions, such as when sales tax is directly charged on the purchase of goods.

Senses:

1. General sense: A tax that is levied directly on individuals or organizations and cannot be transferred.
2. Legal sense: Referring to taxes imposed based on specific laws and regulations set by the government.

Usages:

1. Popular usage: Direct taxes are often discussed in relation to income tax and property tax.
2. Local usage: Local municipalities may impose direct taxes on local businesses operating within their jurisdiction.

Related Products on Amazon:

• Income Tax Guidebooks
• Property Tax Assessment Books
• Sales Tax Calculation Software