Question

Find out more about taxes. Are these in cash, kind or labor

Answer 1

There are two kinds of

taxes, direct and indirect.

Direct taxes are those

which are imposed on a person and the burden of tax cannot be passed to the other

person. For example, income tax. On the other hand, the taxes imposed on the sellers

and they can easily pass the burden to the final consumer is known as indirect taxes.

For example, sales tax. Moreover, the taxes can be paid in cash or in the form

of labor services.