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single tax

(Encyclopedia)single tax, any levy that serves as the government's only source of revenue. Generally, however, it is understood to mean a tax derived from economic rent and used as the sole source of public receipt...

stamp tax

(Encyclopedia)stamp tax, method of collecting duties on certain transactions by means of a validating stamp attached to the taxable instrument, which may be a judicial act, a commercial document, a transfer of prop...

Individual Retirement Account

(Encyclopedia)Individual Retirement Account (IRA), tax-sheltered retirement plan, originally created (1974) to assist individuals not covered by company pensions. Under the U.S. tax law of 1981, IRA provisions were...

excess profits tax

(Encyclopedia)excess profits tax, levy on any profit above a standard level. Chiefly a wartime phenomenon, it is intended to increase revenue during periods of distress and to prevent businessmen from taking unfair...

value-added tax

(Encyclopedia)value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. Because the c...

Internal Revenue Service

(Encyclopedia)Internal Revenue Service (IRS), division of the U.S. Treasury Dept. that is responsible for the assessment and collection of most federal taxes, except those relating to alcohol, tobacco, firearms, an...

Pigou, Arthur Cecil

(Encyclopedia)Pigou, Arthur Cecil pĭˈgo͞o [key], 1877–1959, British economist, grad. King's College, Cambridge. He was a lecturer at University College, London, and at Cambridge. He was professor of political ...

Wilson, William Lyne

(Encyclopedia)Wilson, William Lyne, 1843–1900, American legislator, cabinet member, and university president, b. Jefferson co., Va. (now in W.Va.). He was a private in the Confederate army in the Civil War, and a...

Pendergast, Thomas Joseph

(Encyclopedia)Pendergast, Thomas Joseph, 1872–1945, American political boss, b. St. Joseph, Mo. After holding minor political offices (1899–1910) in Kansas City, Mo., he became the acknowledged Democratic leade...

capital levy

(Encyclopedia)capital levy, form of taxation by which the government takes part of the capital of any person or business, as distinguished from a tax on personal or business income. It is usually applied to all cap...