how many types of taxes are there...?
 

Hello Friends,

Please tell me, how many types of taxes are there...?

Income tax, federal income tax, sales tax, property tax, estate tax, gift tax, tobacco tax, alcohol tax, hotel tax. In addition to major income taxes, there are several other types of taxes of which everyone in the United States should be aware. The federal government of the U.S. collects tax on your income.

Thanks for advise....

1, Consumption tax
2, Progressive tax
3, Regressive tax
4, VAT or Ad volarem tax
5, Property tax
6, Estate tax
7, Payroll taxes
8, Income taxes
9, Federal tax
10, Local tax

Direct taxes are the taxes which are not shifted i.e the incidence of which falls on the person who pay them to the Government. For e.g income tax and gift tax.

Income tax can be of two types: personal income tax and corporate income tax. Personal income tax is levied on the income of individuals, HUFs, unregistered firms and other Associations of People. Corporate tax is levied on the income of Registered Company and Corporations.

Indirect taxes on the other hand are taxes in which burden of paying tax is shifted through a change in price for example custom duty, excise duty, etc.

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Taxes generally fall into the following broad categories:
Income tax
Payroll tax
Property tax
Consumption tax

Dentist in Mexico

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