Types of Taxes

Direct tax-a tax paid by the person against whom the tax is levied

Indirect tax-a tax that can be shifted to a party other than one on whom the tax is levied

Sales tax-a tax on goods that are bought and sold

Excise tax- a sales tax levied only on specific items

Complete this chart by marking the appropriate boxes. Each type of tax should have two checks.

Type of Tax Progressive Regressive Proportional Indirect Direct
Personal Income
Corporate Income
Sales
Excise
Property
Social Security
Estate and Gift