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Chapter: 10th Social Science : Economics : Chapter 4 : Government and Taxes

Summary, Glossary

Social Science : Economics : Government and Taxes: Summary, Glossary

Government and Taxes

SUMMARY

 

Direct Tax is a tax paid directly to the Union government or to state or local governments, such as income tax and property tax.

 

Income Tax is a tax paid by individuals and businesses based on earned and unearned income.

 

Local Tax is a tax charged by a local government, such as a city or country

 

Glossary

 

Levied: To impose taxes வரி (விதிக்கப்பட்ட)

 

Fluctuation: To change ஏற்ற இறக்கம்

 

Defray: Meet the expenses செலவை ஈடுகட்ட

 

Proponents: Person who advocates theory கொள்கை மொழிவோர்

 

Progressive Tax: Happening or developing gradually or in stages வளர்வீத வரி

 

Regressive Tax: Taking a proportionally greater amount from those on lower incomes. குறைவுவீத வரி

 

Proportionate Tax: (of a variable quantity) having a constant ratio to another quantity. ஒரேவீத வரி

 

Evasion : The action of evading something ஏய்ப்பு

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10th Social Science : Economics : Chapter 4 : Government and Taxes : Summary, Glossary | Government and Taxes | Economics | Social Science


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