- Hidden tax
A hidden tax is a
tax that is not visible to the taxpayer. These taxes can raise prices of goods and lower salaries for wokers. Hidden taxes, although hidden, can decrease thepurchasing power of individuals significantly.Many kinds of tax behave like hidden taxes: [http://www.ipi.org/ipi%5CIPIPublications.nsf/PublicationLookupFullTextPDF/3F31DF6F0D040EE986256AB700630B84/$File/PR160-HiddenTax-FINAL.pdf?OpenElement Hidden Taxes: How Much do You Really Pay?] ] ;
Corporate income tax : Because of this tax, shareholders and employees get lessdividend s andsalary .;Tariffs or import taxes: It lowers competition by raising the price of imports and products produced outside.;Sin tax es: Taxes on alcohol and cigarettes are highly regressive.;Travel tax es:;Utilities tax es: According to a 1998 study, taxes take up 48% of the price of gasoline. [Ed Brown, “Where Your Gas Money Goes,” Fortune, April 27, 1998.] ;Inflation tax : It is a regressive hidden tax. [ [http://www.house.gov/paul/tst/tst2006/tst071706.htm The Inflation Tax ] ] ;Profits fromgovernment-owned corporation s: Especially when a government-owned corporation enjoys a legally-protected monopoly and records excessive profits, such profits may be criticized as "hidden taxation". Governments in some jurisdictions directly own utilities (making such profits related to utility taxes) and some monopolize the alcohol trade (making such profits related to sin taxes).United States
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