What is another word for direct tax?

Pronunciation: [da͡ɪɹˈɛkt tˈaks] (IPA)

Direct taxes are imposed on individuals or entities directly by the government and are based on their income, assets, or property. However, there are several synonyms for the term Direct Tax, such as personal tax, income tax, property tax, and wealth tax. The Personal tax refers to the tax levied on the income of individuals, while Property Tax is a tax on the value of real estate property. Wealth Tax is levied on the net worth of an individual or entity. In contrast, an income tax is a tax on the total income earned by an individual. These synonyms for direct taxes differentiate the type of tax levied based on the individual's financial position.

What are the hypernyms for Direct tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Direct tax?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Direct tax

  • I am neither a free-trade man, willing to collect all the money we have to raise by direct tax upon the people, nor am I willing to lay a tax simply for protection when the Government does not need the money.
    Joseph E. Brown
  • Whenever government assumes responsibility for the security, welfare, and prosperity of citizens, the costs of government rise beyond the point where it is politically expedient to cover them by direct tax levies.
    Leonard E. Read

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