Hidden tax

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 the purchasing 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 less dividends and salary.;Tariffs or import taxes: It lowers competition by raising the price of imports and products produced outside.;Sin taxes: Taxes on alcohol and cigarettes are highly regressive.;Travel taxes:;Utilities taxes: 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 from government-owned corporations: 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

One study suggested that hidden taxes account $2,462 per capita.

Hidden tax

Quintiles of Household Cash Money Income, Calendar Year 2004 [Gerald Prante and Andrew Chamberlain, "Who Pays Taxes and Who Receives Government Spending? An Analysis of Federal, State and Local Tax and Spending Distributions, 1991-2004," "Tax Foundation Working Paper, "No." 1", March 2007, available at [http://www.taxfoundation.org/files/wp1.pdf] ]

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References

External links

* [http://www.taxfoundation.org/news/show/22694.html Personalizing the Corporate Income Tax]
* [http://www.ipi.org/ipi%5CIPIPublications.nsf/PublicationLookupFullTextPDF/3F31DF6F0D040EE986256AB700630B84/$File/PR160-HiddenTax-FINAL.pdf?OpenElement Hidden Taxes: How Much do You Really Pay?]
* [http://www.taxfoundation.org/files/wp1.pdf WHO PAYS TAXES AND WHO RECEIVES GOVERNMENT SPENDING? AN ANALYSIS OF FEDERAL, STATE AND LOCAL TAX AND SPENDING DISTRIBUTIONS, 1991-2004]
* [http://www.cbo.gov/ftpdocs/75xx/doc7503/2006-09.pdf International Burdens of the Corporate Income Tax]


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Look at other dictionaries:

  • hidden tax — n. A tax built into the price of an item, usually incurred at some point in manufacturing or distribution. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. hidden tax …   Law dictionary

  • hidden tax — noun a tax paid unwittingly by the consumer (such as ad valorem taxes) • Topics: ↑tax, ↑taxation, ↑revenue enhancement • Hypernyms: ↑indirect tax * * * noun : indirect tax * * * …   Useful english dictionary

  • hidden tax — UK / US noun [countable] Word forms hidden tax : singular hidden tax plural hidden taxes business an indirect tax …   English dictionary

  • hidden tax — Tax built into ultimate selling price that was incurred at a prior manufacturing or distribution stage …   Black's law dictionary

  • hidden tax — Tax built into ultimate selling price that was incurred at a prior manufacturing or distribution stage …   Black's law dictionary

  • hidden tax — hid′den tax′ n. bus any tax paid by a manufacturer, supplier, or seller that is added to the consumer price …   From formal English to slang

  • hidden tax — noun Date: 1936 1. a tax that is ultimately paid by someone other than the person on whom it is levied 2. an economic inequity that reduces one s real income or buying power …   New Collegiate Dictionary

  • hidden tax — any tax paid by a manufacturer, supplier, or seller that is added on to the price the consumer pays. * * * …   Universalium

  • hidden tax — See: stealth tax …   Accounting dictionary

  • hidden tax — See stealth tax …   Big dictionary of business and management

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