single tax

single tax
single-tax, adj.
a tax, as on land, that constitutes the sole source of public revenue.
[1875-80, Amer.]

* * *

Tax on land values intended as the sole source of government revenues, replacing all existing taxes.

Henry George proposed the single tax in his book Progress and Poverty (1879). The plan gained considerable support in subsequent decades but was never implemented. Advocates argued that since land is a fixed resource, the income it yields is a product of the economy's growth and not individual effort, and that it therefore can fairly be taxed to support the government. Critics protested that the single tax would take no account of an individual's ability to pay, since there is no correlation between land ownership and total wealth or income.

* * *

      originally a tax upon land values proposed as the sole source of government revenues, intended to replace all existing taxes.

      The term itself and the modern single-tax movement originated with the publication of the American economist Henry George's Progress and Poverty in 1879. The proposal gained substantial support in subsequent decades and then gradually declined in popular appeal.

      Advocates argued that since land is a fixed resource, the economic rent is a product of the growth of the economy and not of individual effort; therefore society would be justified in recovering it to support the costs of government. They accepted the view of the economist David Ricardo that a tax on economic rent could not be shifted forward. A second argument was that acceptance of the single tax would make other forms of taxes unnecessary, and eliminating taxes on buildings would stimulate construction and economic growth. A third advantage cited was the simplicity of administration of a single tax.

      Critics found the tax contrary to the usual standard of ability to pay, since there is no correlation between land ownership and total wealth and income. Moreover, portions of other incomes may be considered just as much “unearned” as land rent. Practically, separation of the value of land and the value of buildings would be very difficult.

      While no attempt has been made to use the land tax as a single tax, several jurisdictions have applied their property taxes to land only, instead of to land and buildings, or have taxed land more heavily than buildings. Examples include Australia, New Zealand, the western provinces of Canada, and a few municipalities in the United States.

* * *


Universalium. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • single tax — ☆ single tax n. 1. a system of taxation in which all revenue is to be derived from a tax on a single thing, specif. on the value of land 2. such a tax single tax adj …   English World dictionary

  • Single tax — Sin gle tax (Pol. Econ.) A tax levied upon land alone, irrespective of improvements, advocated by certain economists as the sole source of public revenue. Whatever may be thought of Henry George s single tax theory as a whole, there can be little …   The Collaborative International Dictionary of English

  • single tax — UK US noun [C] PROPERTY, TAX ► a system of taxes which only charges tax on one particular type of thing, especially land value …   Financial and business terms

  • Single Tax —   [ sɪȖgl tæks, englisch] die, , Form einer Alleinsteuer …   Universal-Lexikon

  • Single Tax League — The Single Tax League was an Australian political party that flourished throughout the 1920s and 30s.Based upon the ideas of Henry George, who argued that all taxes should be abolished, save for a single tax on unimproved land values, the Single… …   Wikipedia

  • single-tax system — A system of taxation in which there would be only one major tax, usually a comprehensive income tax, instead of several taxes, such as income tax, capital gains tax, and National Insurance, as in the UK. Arguments in favour of such taxes are that …   Big dictionary of business and management

  • single tax club — An organization devoted to the promotion of the theory of single tax. Anno: 138 ALR 460 …   Ballentine's law dictionary

  • single tax — noun a system of taxation in which a tax is levied on a single commodity (usually land) • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement …   Useful english dictionary

  • single tax — noun Date: 1795 a tax to be levied on a single item (as real estate) as the sole source of public revenue …   New Collegiate Dictionary

  • single tax — The theory that all revenue for the support of government should be derived from a tax on a single subject, that is, real property …   Ballentine's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”