Home > Terms > Armenian (HY) > հիփոթեք
հիփոթեք
Earmarking taxes for a specific purpose. It may be a clever way to get around public hostility to paying more in taxation. If people are told that a specific share of their income tax will go to some popular cause, say education or health, they may be more willing to cough up. At the very least they may be forced to make more informed decisions about the trade-offs between taxes and public services. There is a downside, however. Hypothecated taxes may tie the hands of a government at times when the hypothecated revenue could be spent to better effect elsewhere in the public sector. Conversely, and perhaps more likely, hypothecated taxes may prove to be less hypothecated than the public is led to believe. Civil servants, doubtless under pressure from their political bosses, can usually find ways to fudge the definition of the specific purpose for which a tax is hypothecated, letting government regain control over how the money is spent.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Contributor
Featured blossaries
anton.chausovskyy
0
Terms
25
Blossaries
4
Followers
Intro to Psychology
tim.zhaotianqi
0
Terms
40
Blossaries
4
Followers
CORNING Gorilla Glass
Browers Terms By Category
- Zoological terms(611)
- Animal verbs(25)
Zoology(636) Terms
- News(147)
- Radio & TV broadcasting equipment(126)
- TV equipment(9)
- Set top box(6)
- Radios & accessories(5)
- TV antenna(1)
Broadcasting & receiving(296) Terms
- Legal documentation(5)
- Technical publications(1)
- Marketing documentation(1)
Documentation(7) Terms
- General law(5868)
- Contracts(640)
- Patent & trademark(449)
- Legal(214)
- US law(77)
- European law(75)
Law(7373) Terms
- General architecture(562)
- Bridges(147)
- Castles(114)
- Landscape design(94)
- Architecture contemporaine(73)
- Skyscrapers(32)