Reported 2 days ago
Indirect taxes are levied on goods and services rather than on income, collected by businesses and passed on to the government. Common examples include sales taxes, excise taxes, and VAT, which are often incorporated into product prices without consumers realizing it. These taxes can disproportionately burden lower-income individuals, as they pay a higher percentage of their income compared to higher earners. Managing these taxes may require the assistance of a financial advisor.
Source: YAHOO