Direct taxes
What Direct taxes means in Economics GCSE, as defined for AQA.
Definitions of Direct taxes
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Reference: AQA
Taxes levied directly on the income, wealth, or profits of individuals and businesses, and the burden cannot be passed on to someone else.
Taxes levied on the income, wealth, or profits of individuals and businesses, where the burden cannot be passed on.
Taxes levied on income or wealth, such as income tax, National Insurance Contributions and corporation tax.
Topics that use Direct taxes
- Government income and expenditure (AQA GCSE)
Related terms
- Budget deficit
- Budget surplus
- Fiscal policy
- Government revenue
- Income inequality
- Indirect taxes
- National debt
- Progressive tax
Using Direct taxes in the exam
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