During the first half of the semester we’ve often discussed the
importance and cited examples of...
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Accounting
During the first half of the semester we’ve often discussed theimportance and cited examples of “stealth tax” provisions in our USfederal tax law. Briefly explain what is meant by a “stealth tax”provision, how it impacts an individual’s US federal income taxliability and cite one (1) example of stealth income tax provisionscurrently in our US federal tax law.
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Stealth tax Meaning Stealth taxes are a type of tax levied in such a way that it is largely unnoticed or not recognized as a tax Governments use stealth taxes to increase their revenue while being inconspicuous to taxpayers Stealth taxes are sometimes built into the prices of products so that consumers do not see how much tax they are paying In comparison to income taxes
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