Lump-sum tax - Wikipedia
A lump-sum tax is one of the various modes used for taxation: income, things owned (property taxes), money spent (sales taxes), miscellaneous (excise taxes), etc. It is a regressive tax, such that the lower the income is, the higher the percentage of income applicable to the tax.
Lump-Sum Tax Definition and Examples - Quickonomics
2023年2月6日 · A lump-sum tax is a fixed tax imposed on individuals or businesses that doesn’t vary based on their income or wealth. This means that all taxpayers are required to pay the same fixed amount, regardless of their financial status.
Lump Sum Tax - What Is It, Formula, Calculation, Example
A lump sum tax is a tax imposed on an economy as a fixed amount. The degree of income of individuals has no impact on this sum. Also referred to as a poll tax, the tax rate has the same value for everyone who pays this tax.
Topic no. 412, Lump-sum distributions - Internal Revenue Service
A lump-sum distribution is the distribution or payment within a single tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans).
Lump Sum Tax - Definition, Impact and Quiz | Business Terms
A lump sum tax is a tax at a fixed amount which does not change with the entity’s actions. To illustrate, a lump sum tax for consumers is not affected by their income. Similarly, a lump sum tax for producers does not change depending on the producer’s output.
Large Gains, Lump Sum Distributions, etc. - Internal Revenue Service
2024年7月3日 · Generally, you must make estimated tax payments for the current tax year if both of the following apply: 100% of the tax shown on your prior year’s tax return. (Your prior year’s tax return must cover all 12 months.) There are special rules for:
Lump Sum Tax: Examples, Disadvantages & Rate - Vaia
A lump-sum tax is a tax whose value does not change and brings in the same level of revenue at all levels of GDP. Since lump-sum taxes are the same for all those they apply to, lower-income taxpayers are affected more because they pay a larger portion of their income in tax.
Lump sum tax - Oxford Reference
2024年12月11日 · 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. Lump-sum taxes can be varied across consumers, and may even be negative for some consumers. A negative lump-sum tax is called a lump-sum subsidy.
Lump-Sum Distribution: What It Is and How It Works - Investopedia
2024年10月26日 · What Is a Lump-Sum Distribution? A lump-sum distribution is a one-time lump-sum payment from an amount of money owed to some party, rather than via payments broken into smaller installments. In...
Lump-Sum Tax - (AP Microeconomics) - Fiveable
A lump-sum tax is a fixed amount of tax imposed on individuals or entities, regardless of their income or economic behavior. This type of tax does not vary with the individual's actions or level of wealth, making it unique among taxation methods.