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flat tax
(redirected from Flat income tax)

    Also found in: Wikipedia 0.06 sec.
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
 
There are few advantages in using a C corporation for a PSC because of the required calendar year and the 35% flat income tax (Sec.
Advantages of a C corporation by Starkman, Jay / The Tax Adviser
The new post-Soviet consensus is that only a low flat income tax is collectible.
Georgia on my mind by Aslund, Anders / The International Economy
None of the reforms launched under Putin except for the flat income tax has been a success so far.
RUSSIA - The System by APS Review Oil Market Trends
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