Forms of Taxation

Definition of Forms of Taxation

In relation to social issues, a meaning of forms of taxation is provided here: forms of taxation: taxes are charges imposed by the government on people or property for public purposes. Taxes take different forms like the benefit principle (gasoline taxes for road construction), progressive taxes, regressive taxes, proportional taxes, direct taxes, indirect taxes, income taxes, sales taxes, excise taxes (levied on a specific item), property taxes estate and gift taxes, tariffs and social security tax.