Solidarity tax

Solidarity tax,

Definition of Solidarity tax:

  1. Unity or agreement of feeling or action, especially among individuals with a common interest; mutual support within a group.

  2. An independent trade union movement in Poland which developed into a mass campaign for political change and inspired popular opposition to Communist regimes across eastern Europe. Formed in 1980 under the leadership of Lech Wałęsa, it was banned in 1981 following the imposition of martial law. Legalized again in 1989, it won a majority in the elections of that year.

  3. Solidarity tax collected by the government helps to fund projects aimed at unifying the public on one or more specific goals. The tax is paid in addition to personal or corporate tax and is generally calculated based on a percentage of the tax bill. In some cases, it is a flat rate.

  4. A tax imposed for the purpose of funding theoretically solidifying projects. The tax is an addition to the income tax and is applicable to individuals, sole proprietors and corporate enterprises. An example is Germany, which imposes a 5.5% additional solidarity tax to its taxpayers.

  5. A solidarity tax is a government-imposed tax that is levied in an attempt to provide funding towards theoretically unifying (or solidifying) projects. The tax acts in conjunction with income taxes and places an additional burden on taxpayers, including individuals, sole proprietors, and corporations.

Synonyms of Solidarity tax

Unanimity, Unity, Like-mindedness, Agreement, Accord, Harmony, Consensus, Concord, Concurrence, Singleness of purpose, Community of interest, Mutual support, Cooperation, Cohesion, Team spirit, Camaraderie, Esprit de corps

How to use Solidarity tax in a sentence?

  1. Solidarity taxes are most often intended to be short-term funding solutions, although certain wealth taxes have remained in effect for prolonged periods.
  2. A solidarity tax is an additional tax levied by a government to fund socially unifying activities or projects.
  3. Examples may include a surcharge on gasoline to fund education or roads, or additional federal income tax to fund war efforts.
  4. Factory workers voiced solidarity with the striking students.

Meaning of Solidarity tax & Solidarity tax Definition