bacchys wrote:
Hmmm. An Investopedia entry that isn't providing a legal definition or the Supreme Court? Who to believe? Who to believe?


It is a definition of direct taxes.  If you don't like it, find something that disproves it.

From www.dictionary.com

direct tax

noun Government .
a tax exacted directly from the persons who will bear the burden of it (without reimbursement to them at the expense of others), as a poll tax, a general property tax, or an income tax.

and if what I am reading is right, the tax on the PPACA is an indirect tax.

World English Dictionary
direct tax
 
n
Compare indirect tax a tax paid by the person or organization on which it is levied
 
direct taxation
same URL.

Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.

-- Dwight Eisenhower
Edited 1 time by fancyred 08/11/14 11:16.