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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebSingle TaxDescriptionThe term "single tax" refers to a proposed economic system where the only tax levied by the government is a single tax on land or real estate. This concept, also known as land value taxation, suggests that the value of land arises from societal factors rather than individual efforts, thus the rent and income derived from land should be the primary source of public revenue. Advocates argue that a single tax system can promote economic efficiency, reduce inequality, and encourage more productive use of land. Sample SentencesNoun: The single tax would shift the burden of taxation from income, sales, and other sources to a tax solely based on the value of land. Verb: The political party aims to single tax the wealthy and redistribute resources to ensure a fairer society. Adjective: The single tax movement gained popularity among progressive thinkers. Adverb: The economist argued that implementing a single tax system could effectively address wealth inequality. Related products: | ||||
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