Hidden Taxes

The discussion above has focused primarily on income and payroll taxes, the most significant taxes for most Americans. But Americans also pay hidden taxes, creating unseen costs for consumers. These taxes are as far and wide as gasoline and dog licenses, fishing licenses and corporate taxes (which are passed along to consumers). There is even a “pink tax” on sanitary products.

Many hidden taxes exist to induce certain behavior. Tobacco taxes are intended to make smoking more expensive while covering some of the hidden costs associated with smoking - like future health care. Gasoline taxes are intended to make it more expensive to drive places, encouraging Americans to drive fuel efficient cars and fewer unnecessary miles. You can find a list of 97 hidden taxes here.

Next: Read Paycheck-to-Paycheck Taxation