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Classification of taxes

Classification of taxes. What you will learn. Classification of taxes. Direct taxes and indirect taxes. Progressive, proportional and regressive taxes. Take this challenge. According to the party who bears the tax burden, taxes can be classified into: ________ taxes and ________ taxes.

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Classification of taxes

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  1. Classification of taxes

  2. What you will learn ... Classification of taxes Direct taxes and indirect taxes Progressive, proportional and regressive taxes Take this challenge

  3. According to the party who bears the tax burden, taxes can be classified into: ________ taxes and ________ taxes According to how the tax payment changes with the taxable income, taxes can be classified into: ___________, ____________ and __________ taxes Classification of taxes direct indirect proportional progressive regressive

  4. irect taxes: Tax burden can /cannot be shifted to a third party. ndirect taxes: Tax burden can / cannot be shifted to a third party. Direct taxes and indirect taxes

  5. rogressive tax: Tax payment takes ______________________ of taxable income as taxable income increases. roportional tax: Tax payment takes ____________________ of taxable income as taxable income increases. egressive tax: Tax payment takes _______________________ of taxable income as taxable income increases. Progressive, proportional and regressive taxes an increasing percentage the same percentage a decreasing percentage

  6. Fill in the blanks of the average tax rate ! Progressive, proportional and regressive taxes A, B and C are three types of tax: 10% 7.5% 6.7% 7.5% 8% 8%

  7. Which of the above taxes is a progressive tax? Progressive, proportional and regressive taxes A, B and C are three types of tax: 10% 7.5% 6.7% 7.5% 8% 8%

  8. Which of the above taxes is a regressive tax? Progressive, proportional and regressive taxes A, B and C are three types of tax: 10% 7.5% 6.7% 7.5% 8% 8%

  9. Which of the above taxes is a proportional tax? Progressive, proportional and regressive taxes A, B and C are three types of tax: 10% 7.5% 6.7% 7.5% 8% 8%

  10. Classify the above Hong Kong taxes into direct and indirect taxes. Take this challenge 1      

  11. Suppose the government levies a tax of $10 on all passengers who depart HK by sea. What type of tax — progressive / proportional / regressive — is this? It is a _________ tax. Since all passengers pay the same amount of tax, the tax payment takes a _______ proportion of income for the higher income group. Take this challenge 2 regressive smaller

  12. When the tax payment increases as the income increases, is this a progressive tax ? ____. Take this challenge 3 No A tax is progressive if the tax payment takes an increasing percentageof taxable income as taxable income increases.

  13. e.g. Take this challenge 3 When the tax payment increases as the income increases, is it a progressive tax ? 10% 8% Fill in the average tax rates !

  14. e.g. Take this challenge 3 When the tax payment increases as the income increases, is it a progressive tax ? 10% 8% Though the tax payment increases as the taxable income increases, it is a ________ tax. regressive

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