Types of Tax
Types of Tax
A direct tax is levied on income or wealth and paid directly to the government by the person or firm on whom it falls. Examples include income tax and National Insurance, and the burden usually stays with the taxpayer.
Step-by-step lessons covering Edexcel A A Level Economics 4.5.2 Taxation for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.