single tax

noun

: a tax to be levied on a single item (such as real estate) as the sole source of public revenue

Examples of single tax in a Sentence

Recent Examples on the Web
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The payments sent back $250 to single tax filers and $375 to head-of-household filers. Chris McKenna, USA TODAY, 10 Dec. 2024 This strategy, involves clustering donations in a single tax year to surpass the standard deduction and make itemizing worthwhile. James Brewer, Forbes, 26 Nov. 2024 Academics argue that while the government needs to find ways to raise money, that could come from taxing excess profits rather than a single tax that applies to all employers, big and small. Prarthana Prakash, Fortune Europe, 26 Nov. 2024 By unifying the nation under a single tax regime, GST streamlined the complex web of indirect taxes and brought about greater transparency and efficiency in the system. Pankaj Vasani, Forbes, 1 Oct. 2024 See all Example Sentences for single tax 

Word History

First Known Use

1795, in the meaning defined above

Time Traveler
The first known use of single tax was in 1795

Dictionary Entries Near single tax

Cite this Entry

“Single tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/single%20tax. Accessed 25 Dec. 2024.

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