Economics 101: Lump-sum Tax
[This is part of the series: The Complete Guide To Economics 101.]
What is defined as a lump-sum tax?
A Lump-sum Tax is a tax where each person pays the same amount.
An example might be a poll tax.
If there were a poll tax, each person that wanted to vote would have to pay a fee: Say $5.
The $5 fee would be the same for each person, regardless of income, wealth, property, etc.