Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A tax, such as a sales tax or value-added tax, that is levied on goods or services rather than individuals and is ultimately paid by consumers in the form of higher prices.

from the GNU version of the Collaborative International Dictionary of English

  • adj. a tax, such as customs, excises, etc., exacted directly from the merchant, but paid indirectly by the consumer in the higher price demanded for the articles of merchandise.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a tax levied on goods or services rather than on persons or organizations

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