A fixed amount of taxes assessed equally on all taxpaying entities regardless of their income level. Lump-sum taxes, such as sales taxes, property taxes on cars and business equipment, and excise taxes, are thought to be regressive since lower income people must apply a higher percentage of their income to the tax. In theory, a lump sum income tax system could be more efficient because it wouldn't be predicated on the ability to pay or a person's willingness to work.
Related information about lump-sum tax:
- Lump-sum tax - Wikipedia, the free encyclopedia
A lump-sum tax is a tax that is a fixed amount, no matter the change in circumstance of the taxed entity. (A lump-sum subsidy or lump-sum redistribution is ...
- The Lump Sum Tax / Lump Sum Taxes - Economics - About.com
The Lump Sum Tax / Lump Sum Taxes Defined - A Dictionary Definition of The Lump Sum Tax / Lump Sum Taxes.
- Lump-Sum Tax - Financial Dictionary - The Free Dictionary
A tax in which the taxpayer is assessed the same amount regardless of circumstance. An example of a lump-sum tax is a $55 fee on all employees who work in a ...
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Dec 31, 2011 ... dead weight loss due to monopoly 4:45. Watch Later dead weight loss due to monopolyby johnbernkeFeatured36,554 views; 7 Nationalisation ...
- Tax initiative : Swiss to vote on scrapping lump sum tax- swissinfo
Oct 19, 2012 ... A leftwing committee has handed in the necessary signatures to force a nationwide vote to abolish a preferential tax system for wealthy ...
- lump-sum tax - Business Definition
lump-sum tax definition: A fixed amount of tax paid by everyone regardless of income earned or assets owned. A lump-sum tax is efficient to administer and ...
- What is lump-sum tax? definition and meaning
Definition of lump-sum tax: A fixed amount of taxes assessed equally on all taxpaying entities regardless of their income level. Lump-sum taxes, such as sales ...
- Lump-sum tax: Information from Answers.com
Lump-Sum Tax A tax whose amount is not affected by the taxpayer's actions. If the lump-sum tax is the same for all taxpayers, it is called a poll tax.