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Direct tax   /dərˈɛkt tæks/   Listen
Direct tax

noun
1.
A tax paid directly by the person or organization on whom it is levied.






WordNet 3.0 © 2010 Princeton University








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"Direct tax" Quotes from Famous Books



... incomes over $1,000. The income tax was designed by Mr. Pitt to be simply a war tax. According to his plan the interest upon the national debt, which he kept funded as far as possible, was to be provided for solely from the indirect taxes, leaving the direct tax to meet the extraordinary expenses of the war. The most original feature of the financial system instituted by this statesman, however, was the sinking fund. To prevent the rapid accumulation of the national debt, Mr. Pitt, ...
— Continental Monthly, Volume 5, Issue 4 • Various

... the claim made by their mother-country to tax the colonies for her own benefit, and at her own discretion, might possibly introduce a system of oppression, they boldly denied the authority of parliament to levy any direct tax on the colonies, and declared that it was a violation of their rights as colonists, possessing by charter the privilege of taxing themselves for their own support; and as British subjects, who ought ...
— The History of England in Three Volumes, Vol.III. - From George III. to Victoria • E. Farr and E. H. Nolan



Words linked to "Direct tax" :   taxation, tax, revenue enhancement



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