What is the difference between indirect and direct taxation

Answer/ Explanation:

Indirect Taxation: contrasting them with direct taxes. Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person. The body that collects the tax will then remit it to the government.

Direct Taxation:  paid directly by an individual or organization to the imposing entity + the opposite of an indirect tax, where the tax is levied on one entity, such as a seller, and paid by another, such as a sales tax paid by the buyer in a retail setting.

Given that the FDIC is in charge of protecting the money in a bank in case that such bank goes info bankrupt, and that the SEC is a part of the USA government that protects the stock market and its movements, it can be assumed that this agencies are in charge of protecting the money and investments of the citizens. For example, the FDIC is allowed to protect and return up to $250.000 in case that someone is about to lose their money because the bank will go bankrupt. The SEC is the commission that will regulate any inusual behavior in the stock market that could result into a financial crisis.