Outrageously Funny Word Dictionary :: Seigniorage

👉 Seigniorage is a term used in France, which refers to a system of taxation where individuals pay taxes on their personal income. This tax system was established by Louis XIV and later by King Louis XVI. In this context, "seigniorage" means the right or privilege to use one's own resources without paying any taxes or duties. It is a method of taxation that allows individuals to earn more money than they pay in taxes, thereby reducing their overall tax burden. Seignior

seigniorage