 | The examples and perspective in this article may not represent a worldwide view of the subject. (February 2021) |
A lump-sum tax is a special way of taxation, based on a fixed amount, rather than on the real circumstance of the taxed entity.[1] In this, the entity cannot do anything to change their liability.[2]
In contrast with a per unit tax, lump-sum tax does not increase in size as the output increases.[3]
A lump-sum tax levied per-person is known as a "head-tax" or "poll-tax".
- ^ "Lump sum tax", Oxford Reference, Oxford University Press (page visited on 6 November 2018).
- ^ De Graaff, J. V. (2008). "Lump Sum Taxes". The New Palgrave Dictionary of Economics. pp. 1–2. doi:10.1057/978-1-349-95121-5_1048-2. ISBN 978-1-349-95121-5.
- ^ "Lump-sum tax". econclassroom.com. Retrieved 2021-04-30.