types of taxes

The video tutorial explains the two main types of taxes: direct and indirect. Direct taxes, such as income tax, are paid directly to the government and are based on the taxpayer's ability to pay, promoting equality through a progressive tax structure. Indirect taxes, like GST, are levied on goods and services, affecting everyone regardless of income and following a regressive tax structure. The tutorial also discusses the broader impact of taxes on purchasing power, economic behavior, and government incentives, highlighting their role in revenue generation and societal influence.

What is a regressive tax structure and how does it affect individuals with lower incomes?

Discuss the broader impacts of taxes beyond revenue generation as mentioned in the text.

In what ways can taxes influence consumer behavior?