hidden tax


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Hidden Tax

A tax that is built in to the price of a good or service that the buyer does not see. That is, rather than being added at the end of a transaction, like a sales tax, hidden taxes are included in the price. Examples of hidden taxes include corporate taxes, which can cause companies to raise their prices so as not to reduce profit, and VAT, in which taxes are added at every stage of production. See also: Inflation tax.

hidden tax

an INDIRECT TAX that is incorporated into the PRICE of a good or service, but the consumer is not made fully aware of its existence or magnitude; for example, the amount of EXCISE DUTY included in the price of cigarettes and beer is not normally made known to the consumer. VALUE-ADDED TAX, by contrast, is incorporated into the price of a product at specified rates.
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And Liberal Democrat Leader Nick Clegg accused both sides of trying to "hoodwink" the electorate over the true scale of hidden tax rises and spending cuts.
essence, the hidden tax causes the consumer to buy an item she would not
and in estimating national taxes, inflation--a hidden tax caused largely by government debt and overprinting of money--is not part of the figure.
A LINX spokesman claimed that the cost of implementing the legislation would amount to "a hidden tax on Internet users who will be obliged to pay for the costs of government snooping".
Abolish this hidden tax today, give us back entertainment - - who knows it may even stop us going down the pub on the weekends and stop binge drinking.
As well as helping older people to save their money more effectively, the impartial and independent guide covers topics such as how to avoid hidden tax traps.
This would rescind the 27 percent levies on Canadian lumber and end the hidden tax imposed on American home buyers and renters," said Bobby Rayburn, president of NAHB.
This would rescind the 27% levies on Canadian lumber and end the hidden tax imposed on American home buyers and renters," NAHB President Bobby Rayburn said in the statement.
We all know there is little chance of that happening, which is why the legislators are trying to raise more money in a relatively hidden tax.
They will reverse the hidden tax on disaster insurance consumers, make disaster insurance more available and more affordable, and reduce the possibility that many insurers will fail after a major event.
Exhibit 2, below, shows the magnitude of the hidden tax assuming a long-term gain subject to a 20% tax rate.
The current hidden tax is dropped, and is paid for with an explicit tax on the same individuals who benefit.