Meaning of “hypothecated taxes” in the English Dictionary

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"hypothecated taxes" in Business English

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hypothecated taxesnoun [ plural ]

uk us

TAX money collected from a particular tax, which can only be spent for one particular purpose:

Hypothecated taxes from gambling are often used to fund a "good cause" such as education or economic development.

(Definition of “hypothecated taxes” from the Cambridge Business English Dictionary © Cambridge University Press)