A trust-fund tax is any type of tax in which the person or entity who is liable for the tax obtains it by collecting it from another party and holding the tax until paid to the particular government to which it is owed. For example, a merchant collecting sales tax or an employer collecting payroll tax.
A trust-fund tax is any type of tax in which the person or entity who is liable for the tax obtains it by collecting it from another party and holding the tax until paid to the particular government to which it is owed. For example, a merchant collecting sales tax or an employer collecting payroll tax.
Source: Wikipedia "Trust-fund tax" · CC BY-SA 4.0
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