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flat tax

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Flat Tax
A system that taxes everyone at the same rate, regardless of their income bracket.

Notes:
Supporters of a flat tax argue that it gives people incentive to earn more, because they wouldn't be penalized by graduating to a higher tax bracket (as they would in a progressive-rate system).

Flat tax
A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax.
flat tax
An income tax that has a single rate of taxation. For example, a taxing authority may levy a flat tax of 3% against gross income. See also graduated flat tax.


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? Mentioned in ? References in periodicals archive
 
Consumer-income tax; otherwise known as a flat tax rate
Could the government pop real estate's bubble? by Polsinelli, Adelaide / Real Estate Weekly
Add-on value-added tax--This option, viewed as less radical than either flat tax proposal, would remove all but the highest-income individuals from the tax rolls, lowering individual and corporate rates, and broaden the income tax base.
Tax reform and the President's second-term agenda by Prysock, Mark / Financial Executive
Besides cutting the gross receipts tax rates, the advisory committee plan establishes an option for small and mid-sized businesses to pay a flat tax of about $145 per year.
Business tax counterproposal includes 15 percent cut by Fine, Howard / Los Angeles Business Journal
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