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Money-making activities that people don't report to the government, including both illegal and legal activities.
- Browse Related Terms: ability to pay, benefits received, Earned Income Credit (EIC), financial records, Gross Income, horizontal equity, underground economy, vertical equity
All > Business > Finance > Personal Finance > Income Tax
An excise tax, often in the form of a license or supplemental charge, levied to fund a public service.
- Browse Related Terms: gasoline excise tax, long-distance telephone tax refund, luxury tax, market economy, property taxes, resources, tax shift, telephone tax refund, user fees, user tax
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All > Business > Finance > Personal Finance > Income Tax
A tax that is paid directly by the consumer of a good, product, or service.
- Browse Related Terms: gasoline excise tax, long-distance telephone tax refund, luxury tax, market economy, property taxes, resources, tax shift, telephone tax refund, user fees, user tax