Lump-Sum Tax

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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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Switzerland is set to increase the bills for rich outsiders using its lump sum tax system but in a recent referendum it rejected proposals to axe them.
But it deleted the line imposing a flat rate lump sum tax on small and medium enterprises.
Such a model allowed me to analyze how three different policies, unemployment benefits, a formal lump sum tax, and a job creation subsidy, affect the levels of informality in the labor market.
10] to the agents with zero income at t = 1, we could equivalently apply a uniform lump sum tax [T.
For lot 1, the maximum amount from the order is fixed at 5% of the lump sum tax for 12 months.
Cars may be covered under lump sum tax across all the states and the sale price of the vehicle before VAT (value added tax) may be adopted as the base for the purpose of calculation of tax.
A week went by and the government and the guilds both then announced July 12 a settlement by which the lump sum tax would rise 15 percent, not 70 percent.
AIT depends on the type of pension plan you have but, for example, if you have a personal pension, up to age 75, the whole fund could be paid out as a lump sum tax free.
5 percent tax will be levied on the persons having income more than one million annual in connection with rehabilitation of Internally Displaced Persons (IDPs) while 30 percent lump sum tax will be imposed on bonus income of corporate executives.
Decision rules are locally unique and produce a stationary long-run rational expectations equilibrium; lump sum tax shocks always affect output and inflation.
Would this suggest that the MCF for the second-period lump sum tax be less than one?