single tax

noun

Updated on: 19 Mar 2018

Definition of single tax

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

Recent Examples of single tax from the Web

The special session crashed and burned because the House couldn't put together enough votes to pass a single tax bill.

— julia o'donoghue, NOLA.com, "Louisiana 2018 special session: Winners and losers," 6 Mar. 2018
The correct numbers are: $15,000 annual gift exclusion limit for 529 plans for single tax filers ($30,000 for married filing jointly).

— nathan bachrach, Cincinnati.com, "Simply Money: How you can 'gift' stock to kids," 28 Feb. 2018
Economic stagnation and economic insecurity are grounded in political, cultural, and economic factors that are beyond the reach of any single tax bill or any single legislative reform.

— david french, National Review, "Let the Mockers Mock, $1,000 Can Make a Difference for American Families," 21 Dec. 2017
The standard deduction would go up to $12,000 for single tax filers; $18,000 for a single filer with a qualifying child; and around $24,000 for a married couple filing a joint return.

— susan tompor, Detroit Free Press, "A simple tax cut isn't all that simple, depending on your financial situation," 3 Nov. 2017
The Treasury Department tracks this exact statistic, and the largest single tax cut by this measure is the 1981 plan pushed by President Ronald Reagan, at 2.89% of GDP over the first four years...

— tory newmyer, Washington Post, "The Finance 202: Tax overhaul delayed while GOP haggles over details," 1 Nov. 2017
The House budget resolution will not, by itself, deliver a single tax break to the one percent or close a single deduction beloved by a powerful interest group.

— eric levitz, Daily Intelligencer, "New Koch Ads Accuse Democrat of Opposing Unpopular Tax Cuts," 26 Oct. 2017
Lots of state-level levies have been replaced with a single tax.

— The Economist, "The gap between India’s richer and poorer states is widening," 30 Aug. 2017
One, the White House, House, Senate, have made a deliberate effort to work together towards a unified, single tax program plan.

— WSJ, "Bannon Bows Out," 21 Aug. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'single tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.