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flat tax
(redirected from Flat taxes)

    Also found in: Wikipedia 0.04 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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The AICPA is striving to provide policymakers and interested individuals with a clear understanding of the issues and alternatives involved in federal tax reform, and to foster informed discussion by providing unbiased information and analysis by updating its 1995 study, Flat Taxes and Consumption Taxes: A Guide to the Debate.
Revisiting tax reform--AICPA updates study on tax alternatives by CPA Letter
Among the alternatives considered are flat taxes and sales taxes.
Taxing Ourselves: A Citizen's Guide to the Debate over Taxes by Tax Executive
Estonia, Latvia, Russia, and Ukraine have flat taxes, and Slovakia is studying one.
Balance sheet by Taylor, Jeff A. / Reason
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