Specific tax
Definition: A fixed tax per unit. A specific tax will have the effect of shifting a supply curve vertically upwards by the amount of the tax.
Related glossary term: ...
specific tax a tax that is proportional to the number of items sold. (7)
spending balancethe level of income or real GDP at which the 45-degree line and the aggregate expenditure line cross; also called "equilibrium income." (25) ...
Specific tax - A tax on a good or service which is set as a fixed amount per unit of the good or service sold.
Speculation - Where people make buying or selling decisions based on their anticipations of future prices.
The specific taxes assessed on investment capital gains as determined by the U.S. Tax Code. When a stock is sold for a profit, the portion of the proceeds over and above the purchase value (or cost basis) is known as capital gains.
Industry Specific Tax Centers
Agriculture Tax Center
Links to agriculture-related topics such as tax tips, financial resources, trends and statistics, forms, and more.
A Carbon tax is a specific tax on the consumption of goods which cause carbon dioxide emissions. C02 emissions have been identified as a major source of global warming and therefore, governments have been keen to reduce carbon emissions.
So the final tariff bill combined ad valorem taxes and specific taxes. Ad valorem taxes are based on a percentage of the item's value, while specific taxes are assigned regardless of value.
The total tax revenue collected from a specific tax can be identified as the product of the tax rate times the tax base.
Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor.
These bonds are payable from a pledge of the proceeds against a specific tax. This tax could be a gasoline tax, a special assessment, or ad valorem tax levied at a fixed price.
Excise Tax. A tax imposed on a particular commodity or service. The tax can be imposed at any trade level and can either be a specific tax (the $100 automobile air conditioner tax) or an ad valorem tax (the 10 per cent jewelry tax).
A tax that is proportionate to the value of the property being taxed, such as sales tax; a tax calculated as a flat percentage of sales price. As opposed to a specific tax per unit based on quantity, such as excise tax per package of cigarettes.
Offshore banking is often linked to other structures, such as offshore companies, trusts or foundations, which may have specific tax advantages for some individuals.
SPECIAL TAX BOND " A municipal bond which is secured by a pledge of a specific, special tax. It is not a general obligation since it is limited to one specific tax.
Revenue Procedure: The administrative practices of the Internal Revenue Service are outlined for taxpayers who wish to understand the methods for gaining information or decisions concerning specific tax laws and rulings.
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and credit' (and thus the taxing authority) of the issuing entity. Revenue bonds are backed by a specifically designated revenue stream, such as the revenues from a designated project, authority, or agency, or by the proceeds from a specific tax.
granted a specific tax exemption for many fringe benefits.
extended mortgage subsidy bonds through 1988.
required Alternative Minimum Tax quarterly estimated payments.
changed the rules affecting taxation of life insurance companies.
outflows associated with a particular investment should be carefully analyzed on an after-tax basis. This often entails the preparation of pro forma cash flow statements and consultation with professionals well versed in the details of specific tax ...
 See also: Expense, Saving, Job, Values, Compensation
  
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