Single tax
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A single tax is a system of taxation based mainly or exclusively on one tax, typically chosen for its special properties, often being a tax on land value.[1][2]
Sébastien Le Prestre de Vauban were early advocates for a single tax, but, rejecting the claim that land has certain economic properties which make it uniquely suitable for taxation, they instead proposed a flat tax on all incomes.[3]
In the late 19th and early 20th century, a
basic income, traditionally called the citizen's dividend, to compensate those members of society who by legal title have been deprived of an equal share of the earth's spatial value and equal access to natural opportunities (see geolibertarianism
).
Related taxes derived in principle from the land value tax include
external costs of pollution more efficiently than litigation, as well as severance taxes on raw material extraction to regulate the depletion of unreplenishable natural resources and to prevent irreparable damage to valuable ecosystems through unsustainable practices such as overfishing
.
There have been other proposals for a single tax concerning property, goods, or income.[5] Others have made proposals for a single tax based on other revenue models, such as the FairTax proposal for a consumption tax and various flat tax proposals on personal incomes.[6]
See also
- Excess burden of taxation
- FairTax
- Flat tax
- Geolibertarianism
- Georgism
- Land value tax
- List of taxes
- Market distortion
- OneTax
- Optimal tax
- Proportional tax
- Single tax parties:
- Tax equity
- Tax incidence
- Tax reform
- Tax shift
- 9-9-9 Plan
References
- ^ "English definition of "single tax"". Cambridge University Press. Retrieved 14 December 2014.
- ISSN 0002-9602.
The single tax, therefore, implies the total abolition of all taxes upon personal property, buildings, and improvements, of all custom tariffs, all excise duties, all stamp duties, all poll taxes, and, in short, every tax of every description, except that which is now levied upon the rent of bare land.
- Blackwell Publishing, 2003.
- ^ Young, Nichols (1916). The single tax movement in the United States. Princeton University Press. Retrieved 2012-10-21.
- JSTOR 2139851.
- ^ "Calls for single 30% income tax rate"