Fixed Rate Tax

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Definition: Fixed Rate Tax

Fixed Rate Tax
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Full Definition of Fixed Rate Tax

A tax that is set at a certain amount and does not vary according to the value of the item being taxed. For example, U.S. consumers pay a federal tax on gasoline at the pump that is levied on a per gallon basis. Compare to Ad Valorem Tax.

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https://payrollheaven.com/define/fixed-rate-tax/
Modern Language Association (MLA):
Fixed Rate Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/fixed-rate-tax/.
Chicago Manual of Style (CMS):
Fixed Rate Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fixed-rate-tax/ (accessed: April 20, 2024).
American Psychological Association (APA):
Fixed Rate Tax. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fixed-rate-tax/

Definition Sources

Definitions for Fixed Rate Tax are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.