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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use