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Definitions from WordNet

Definitions from the Web

Term: hidden tax

Description:

Hidden tax refers to a type of tax that is not directly visible or transparent to taxpayers. These taxes are often embedded in the prices of goods and services, resulting in consumers unknowingly paying higher costs.

Senses and Usages:

Sense 1: Indirect Taxes

Hidden taxes frequently refer to indirect taxes imposed by governments. These taxes are usually integrated into the prices of products or services, making it difficult for consumers to identify the exact tax amount they are paying.

Example Sentence: The hidden tax on gasoline increases the overall cost of fuel for consumers.

Sense 2: Additional Fees

Hidden taxes can also refer to additional fees or charges imposed by organizations or businesses in addition to the advertised price. These charges are often undisclosed or concealed until the final purchase is made.

Example Sentence: Some airlines apply hidden taxes in the form of baggage fees, which are not included in the initial ticket price.

Sense 3: Unintended Consequences

In a broader sense, hidden tax can refer to any financial burden or cost that is not explicitly recognized as a tax but has similar effects on individuals or the economy.

Example Sentence: The rising inflation is a hidden tax that erodes the purchasing power of consumers.

Related Products:

• Tax Planning Books
• Personal Financial Management Tools