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Question
Solution
Income tax is an example of direct tax.
Direct taxes are those taxes that are borne by the person on whom it is imposed. The burden of such taxes cannot be shifted on to others. For example, income tax, wealth tax, etc.
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RELATED QUESTIONS
Distinguish between the following.
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Autonomous consumption expenditure cannot be zero.
Give reasons or explain the following statement:
It is more appropriate to tax the rich in excess than the poor.
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__________ is an example of direct tax.
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Indirect taxes are paid directly by people to the government.
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