Investor Glossary-taxationInvestor Glossary-taxationInvestor Glossary-taxationInvestor Glossary-taxationInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Taxation

The HTML to link to this page
 

Taxation is power of government in which a governing authority accumulates revenue by levying a charge on its citizens' economic activity. Revenue collected via taxation is typically referred to as "taxes." In the United States, income, sale of goods, estates, and some gifts are commonly subjected to taxation. Tariffs are a form of taxation imposed on imported goods, , although it can also be imposed on exported goods by some countries (i.e. China). Businesses and governments both have the power to impose fees, but businesses do not have the power of taxation. The burden of taxes falls differently depending on the form of taxation used. Progressive taxation imposes a greater tax burden on the wealthy than the poor, because the percentage of tax charged increases with income. The structure of the personal income tax system in the U.S. is considered progressive. Regressive taxation imposes more of a burden on the poor. Proportional taxation applies tax burdens to the poor and wealthy equally.



Rate this taxation definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use