by snehasish February 12, 2009

The price levied upon a girlfriend/boyfriend with whom you share a dwelling but which he/she pays no bills.
Tom: "So does Shirley at least pay for the cable?"
Brian: "No...but I levied an ass tax last month."
Brian: "No...but I levied an ass tax last month."
by oberd September 25, 2008

Exploitation of poor people and minorities in the form of price markups on goods and services. For example, higher rates for insurance, usury in loan rates, and "vending machine" level prices from the corner store.
Andrew Young's pro Wal-mart statements were criticized because of the racial element, but he was simply and correctly talking about one form of the "ghetto tax".
by Thin Guy August 19, 2006

when a chick has a large rack, but she also has a fat gut and/or ass. the fatness is the taxation on the good rack.
by st3v3 November 2, 2006

The idea of using a tax refund check as a buy-in to purchase an initial quantity of drugs in order to become established as a drug dealer. Most often, the would-be tax flipper will not himself receive any tax refund, e.g. due to having not worked in the previous year, but will seek out some other person to let him "flip their taxes" -- the promise being that the lending person will be quickly repaid her tax refund once the flipper sells-through his initial quantity of drugs.
Tone moved in with Tasha last October to escape the cold, and was sure he could successfully hustle rock if only Tasha would let him flip her taxes in order to get some work. Tasha's lent Tone her taxes two weeks ago and Tone said he was going to post up at his nephew's house. Tasha hasn't heard from Tone since and now realizes that flipping taxes isn't a real thing, but rather a scam used by men to steal women's tax checks.
by decl November 20, 2018

Deb "I just got my Missouri State tax refund, I got $150 dollars back, woot!"
Tim "I got my tax defund, I had to pay fifty bucks."
Tim "I got my tax defund, I had to pay fifty bucks."
by gordy August 2, 2012

by Cool Daddy o May 16, 2009
