{"id":44024,"date":"2023-09-30T23:08:00","date_gmt":"2023-09-30T23:08:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=44024"},"modified":"2023-10-20T08:54:09","modified_gmt":"2023-10-20T08:54:09","slug":"pink-tax","status":"publish","type":"post","link":"https:\/\/businessyield.com\/women-in-business\/pink-tax\/","title":{"rendered":"PINK TAX: Price Discrimination Based On Gender","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

The “pink tax” refers to the price difference between products and services marketed to women and men that are of equivalent quality but sold at a higher price point to women alone. This is frequently seen in price differences in products’ care, wear, dry cleaning, etc. This article will provide several examples of “pink tax” as well as explain whether it is real or not.<\/p>\n\n\n\n

Pink Tax<\/span><\/h2>\n\n\n\n

The extra cost that women are charged for some goods or services targeted exclusively at them is called the “pink tax.” Although both sexes use certain generic products, those targeted toward women are more expensive. The “pink tax” makes it more expensive for women to purchase comparable and identical goods and services that men use.<\/p>\n\n\n\n

The overall trend for goods targeted at women to cost more than goods targeted at men is known as the “pink tax.” Even though the name “pink tax” suggests otherwise, it is more accurately defined as a gender-based pricing practice than as a tax.<\/p>\n\n\n\n

How the Pink Tax Works<\/span><\/h3>\n\n\n\n

When a business produces or sells a product like a razor, deodorant, or shampoo for ladies, they may decide to charge a little bit more for it. The differences between these products and similar male-oriented ones are typically extremely slight. It can just be the color or the layout of the box. The pink tax raises the cost of purchasing items that women require to live their daily lives.<\/p>\n\n\n\n

Certain service providers are required to submit price lists for standard services as part of the initiative. And they are also informed that state law forbids gender-based pricing discrimination. Businesses may face civil penalties if they break the law. Given that the Pink Tax Repeal Act has supporters and that certain states, like New York, have abolished the pink tax, there is a chance that the pink tax will someday be outlawed nationwide.<\/p>\n\n\n\n

The Pink Tax and Tariffs<\/span><\/h3>\n\n\n\n

The price of retail tariffs is a less well-known factor that affects gender-based pricing. The federal government imposes tariffs, which are levies, on goods brought into the country. Because businesses boost the price of their goods to cover import taxes, consumers in the United States bear the burden of these tariffs. Some things that on the surface appear to be gender-neutral, such as leather boots and cotton blouses, have female variants that are subject to higher tariffs than their equivalent male counterparts. The tariffs on some goods, such as men’s bathing suits, are greater than those on women’s bathing suits.<\/p>\n\n\n\n

Due to the impact of tariffs on retail pricing, it is difficult to exclusively blame manufacturers. Gender-based pricing disparities<\/a> are observed in retailers across the country. However, tariffs alone do not entirely explain or justify the presence of the pink tax. This is because gender-based pricing is pervasive not only in the case of retail goods but also in regular services.<\/p>\n\n\n\n