Tax System (Gen Ed)
Tax being paid by all practicing professionals
Income Tax
Individual tax
Personal Income Tax
Tax collected from business
Corporate Income Tax
Tax from land and structures
Real State Tax
Tax from agents or sellers
Capital Gains Tax
Tax being paid by all adult citizens
Community Tax
Tax for luxury or imported goods
Ad Valorem Tax
Tax for cigarettes & alcohols
Sin Tax
Tax being paid directly
Direct Tax
Tax for goods/services (Value Added Tax)
Indirect Tax
Tax being paid by beneficiaries of a dead person
Inheritance Tax
Tax for imports from foreign country
Tarrif
Tax being paid by all practicing professionals
Income Tax
All variables are kept constant
Ceteris Paribus