# Lump-Sum Tax

## 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.
Mentioned in ?
References in periodicals archive ?
The new pricing system of oil derivatives will adopt the lump-sum tax principle that was fixed at either fils/liter or JOD/ton for each oil derivative, which will reflect the gross sum of taxes and fees levied on oil derivatives.
When hard times hit, those borrowers found it difficult to come up with large, lump-sum tax and insurance payments and frequently lost their homes.
I will analyze a 10 percent reduction in labor taxes paid for by a lump-sum tax using a neoclassical Ramsey growth model.
I will analyse a 10% reduction in labour taxes paid for by a lump-sum tax using a neo-classical Ramsey growth model.
For the sake of illustration, consider the effects of a hypothetical 10 per cent reduction in labour taxes paid for by a lump-sum tax modeled using a neo-classical Ramsey growth model - a scenario that I detailed in a recent paper on Rethinking Macroeconomics.
It is an annual lump-sum tax free payment paid to most older people during the winter months.
When you're just starting out on your own, the last thing you want is a lump-sum tax payment you haven't prepared for.
(3) The government taxes households with a lump-sum tax to finance spending on tradable goods and interest payments on its external debt, and the difference between these expenditures and tax revenue, if any, is covered by external public debt.
[T.sub.0] is a lump-sum tax at t = 0, and [T.sub.([w.sub.1][theta][l.sub.10]) is a quasi-lump-sum tax at t = 1:
The addition of an ad valorem tax will then cause the operator's per unit costs to increase, causing further distortions, rather than serving as a pseudo lump-sum tax that transfers the monopoly rents to the government.
economy, we generate steady state results for several alternative models for financing health insurance: one in which health insurance is financed primarily through employer contributions that vary with employment, a second where insurance is funded through a non-distortionary, lump-sum tax, and a third where insurance is funded by a payroll tax.
Tax specialists say a first draft of the New Fiscal Code will be published this summer.Chitoiu cited the 3 percent tax in microenterprises and the lump-sum tax for certain industries in the second quarter as tax simplification measures.Tax experts argue the mandatory taxation of microenterprises may lead to a higher collection of taxes to the budget, but will kill some small companies in the process.

Site: Follow: Share:
Open / Close