Classifications of Taxes Flashcards
taxes as to purpose
fiscal or revenue
regulatory
sumptuary
taxes as to subject matter
personal, poll or capitation
property
excise or privilegex
taxes as to incidence
direct
indirect
taxes as to amount
specific
ad valorem
taxes as to rate
proportional
progressive or graduated
regressive
mixed
taxes as to imposing authority
national
local
imposed for general purpose
fiscal or revenue tax
imposed to regulate business, conduct, transactions
regulatory tax
levied to achieve some social or economic objective
sumptuary tax
tax imposed on persons who are residents of a particular territory
personal, poll, capitation tax
tax on real or personal properties
property tax
imposed upon the performance of an enjoyment of a privilege or engagement in an occupation
excise or privilege tax
both the impact and incidence of taxation rest upon the same taxpayer
direct tax
tax paid by any person other than the statutory taxpayer
indirect tax
tax of a fixed amount imposed on a per unit basis
specific tax
tax of a fixed proportion imposed upon the value of the tax object
ad valorem tax
emphasizes equality
proportional tax
increasing rates as the tax base increases
progressive or graduated tax
anti-poor; directly violates the Constitutional guarantee of progressive taxation
regressive tax
combination of any of the types of tax
mixed tax
tax on annual income, gains or profits
income tax
tax on gratuitous transfer of properties by a decedent upon death
estate tax
tax on gratuitous transfer of properties by a living donor
donor’s tax
consumption tax
value added tax
