Economics · Taxation
Which of the following statements is NOT correct regarding direct taxes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They traditionally have a more limited tax base or reach compared to broad indirect taxes.
- 2They are generally proportional in nature, taxing everyone at the same flat rate regardless of income.✓
- 3Direct taxes are levied directly on the income or wealth of individuals and firms.
- 4The monetary burden of a direct tax cannot be shifted to another person.
Correct answer
They are generally proportional in nature, taxing everyone at the same flat rate regardless of income.
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