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Lump-Sum Tax
(redirected from Lump-Sum Taxes)

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Lump-Sum Tax
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 township. Another example is tag fees on vehicles, which are the same regardless of the income of vehicle owners. Lump-sum taxes are regressive, meaning persons with lower income pay more as a percentage of their income.
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In this situation, the Second Welfare Theorem breaks down: Lump-sum taxes are insufficient to achieve any division of the gains from trade other than the one implied by the competitive market mechanism.
Distortionary taxation for efficient redistribution by Grochulski, Borys / Economic Quarterly
Neoclassical growth models predict positive growth effects throughout the entire transition path after a reduction in capital or labor tax rates when lump-sum taxes or transfers are used to balance the government budget.
Yang by NBER Reporter
ABSTRACT Governments have many tax tools at their disposal to redistribute wealth from one segment of the population to another, such as income, sales, and lump-sum taxes (for example, setup fees for corporations).
Mitigating Insurance Fraud: Lump-Sum Awards, Premium Subsidies, and ... by Boyer, M. Martin / Journal of Risk and Insurance
 
 
 
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