hidden taxes (Meaning)
hidden taxes
a tax that is ultimately paid by someone other than the person on whom it is levied, an economic inequity that reduces one's real income or buying power
Synonyms & Antonyms of hidden taxes
hidden taxes Sentence Examples
- The government's implementation of hidden taxes has left many citizens feeling overburdened.
- The true cost of goods and services is often concealed by hidden taxes, making it difficult for consumers to make informed decisions.
- Hidden taxes disproportionately impact low-income households, further exacerbating economic inequality.
- Governments use hidden taxes to generate revenue without appearing to raise taxes directly.
- The prevalence of hidden taxes erodes public trust in the transparency of government spending.
- Businesses may pass on the cost of hidden taxes to consumers, leading to higher prices and reduced purchasing power.
- Hidden taxes can discourage investment and innovation by making it more costly to operate a business.
- The lack of transparency surrounding hidden taxes makes it difficult for citizens to hold governments accountable for their fiscal policies.
- Advocacy groups have emerged to raise awareness of the issue of hidden taxes and promote greater transparency in government budgeting.
- The concept of hidden taxes has been historically used by governments to avoid political backlash while still raising the necessary revenue.
FAQs About the word hidden taxes
a tax that is ultimately paid by someone other than the person on whom it is levied, an economic inequity that reduces one's real income or buying power
withholding taxes, taxes, sales taxes, sin taxes, single taxes, property taxes, poll taxes,income taxes, duties, inheritance taxes
No antonyms found.
The government's implementation of hidden taxes has left many citizens feeling overburdened.
The true cost of goods and services is often concealed by hidden taxes, making it difficult for consumers to make informed decisions.
Hidden taxes disproportionately impact low-income households, further exacerbating economic inequality.
Governments use hidden taxes to generate revenue without appearing to raise taxes directly.
