The most important indirect taxes in the United States are
A)federal and state income taxes.
B)inheritance taxes.
C)corporate profits taxes.
D)sales and property taxes.

Question

Quizplus · Accepted Answer

Sales and property taxes are the most important indirect taxes in the United States. Sales tax is charged on goods and services sold to the final consumer, whereas property tax is charged on the value of land and buildings. These taxes are considered indirect because they are collected by intermediaries (businesses, landlords) rather than directly from individuals. Corporate profits taxes and inheritance taxes are direct taxes, and federal and state income taxes are a mix of direct and indirect taxes.

The Most Important Indirect Taxes in the United States Are