Explicit tax

Explicit tax

A tax specifically collected by a government; includes income, withholding, property, sales, and value-added taxes and tariffs.

Explicit Tax

A tax levied and collected by a government. Examples include income tax, value added tax, sales tax, estate tax, and so forth. This compares to hidden regulatory fees, which add to the cost of doing business without necessarily adding to government revenue. For example, some argue for a carbon tax that would, theoretically, increase government revenue by taxing the emission of carbon dioxide. This compares to a proposed cap-and-trade system, which requires carbon emitters to buy permission to emit without changing how they are actually taxed.
References in periodicals archive ?
If the global business elite is serious about action on climate change, it should advocate for an international agreement to impose a carbon price on conventional jet fuel, whether via an explicit tax or through a green-fuel mandate requiring a gradually rising proportion of zero-carbon bio or synthetic fuel.
The treaty states that Seneca lands in New York should be protected "from all taxes, and assessments for roads, highways, or any other purpose until such lands shall be sold and conveyed by the said Indians." The Perkinses argued that this section of the treaty was an explicit tax exemption that covered their mining business, as the gravel had come from Seneca land.
Esteban Rossi-Hansberg said that informality exists because there is an explicit tax involved in formalizing an operation tax contributions and addition al labor costs--and an implicit one, so long as the informal companies are not punished for not complying with tax and business obligations.
Where the federal tax law provides explicit tax elections (e.g., a married couple's choice to file jointly or separately), however, state legislators must decide not only whether the state law will conform to the federal law (i.e., affording taxpayers the same choice for state tax purposes), but legislators must also decide whether to bind each taxpayer, for state tax purposes, to the taxpayer's federal tax choices.
However, these four technical issues--difficulty with costing these deviations, the risk of perceived criticism, the unclear boundaries of the benchmark, and the difficulty in identifying possible objectives for the implicit expenditures--may also apply to explicit tax expenditures.
That is in addition to explicit tax hikes on income, capital gains, and dividends, the implicit ones on energy via cap-and-trade, and so forth.
means that the explicit tax rate on labor income will be correspondingly
The cost to taxpayers of an explicit tax extends far beyond the dollars remitted to the taxing authority.
The identification of the disguised head tax is persuasive, and it is almost certainly true that lawmakers designing an explicit tax to finance health care for the uninsured would not have chosen a head tax.
The cost of tax avoidance described in Miller and Scholes (1978) is a good example of a nonpecuniary tax.4 The cost to taxpayers of an explicit tax extends far beyond the dollars remitted to the taxing authority.
It happens that the R&D account gets explicit tax treatment, so it's easier there to sketch the adverse consequence of neglect of asset stewardship.
where [m.sup.e.sub.i] is i's implicit MTR for the NIT, [m.sup.c.sub.i] is a household's implicit MTR from the EITC, and [m.sup.t.sub.j] is the MTR from the explicit tax on labor income.