Direct taxation refers to the taxation of individuals and entities directly by the government. It is a tax levied on a person's income, profits, assets, or wealth. Unlike indirect taxes, which are imposed on the purchase of goods and services, direct taxes are paid directly by the taxpayer to the government. The most common forms of direct taxation include:

1. Income Tax: This is a tax imposed on an individual's or business's income. It can be levied at various levels, including national, state, and local. In many countries, individuals are required to file annual tax returns to calculate and pay their income tax based on their earnings, deductions, and exemptions.

2. Corporate Tax: Businesses and corporations are subject to corporate income tax on their profits. The tax rate can vary depending on the country and the level of government responsible for collecting the tax.

3. Property Tax: Property tax is levied on the value of real estate, such as land and buildings. It is often collected by local governments and is used to fund public services and infrastructure.

4. Wealth Tax: Some countries impose a tax on an individual's net wealth or assets, which can include real estate, investments, and other valuable assets. The purpose of a wealth tax is to redistribute wealth and reduce economic inequality.

5. Capital Gains Tax: This tax is applied to the profits gained from the sale of certain assets, such as stocks, real estate, or other investments. The rate may vary depending on the holding period and the type of asset.

6. Inheritance Tax and Estate Tax: These taxes are imposed on the transfer of wealth from a deceased person to their heirs or beneficiaries. The tax rate often depends on the value of the inherited assets.

7. Gift Tax: When individuals give significant gifts to others, they may be subject to a gift tax. The tax rate and exemptions vary by country.