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Flat tax
(redirected from Flat-tax)

   Also found in: Wikipedia 0.01 sec.
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.

Flat tax. A flat tax, also known as a regressive tax, applies to everyone at the same rate, as a sales tax does.

Advocates of a flat income tax for the United States say it's simpler and does away with the kinds of tax breaks that tend to favor the wealthy. Opponents say that middle-income taxpayers would carry too large a proportion of the total tax bill.



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The chapters review the literature of the impact of taxes on economic behavior, compare the economic costs of different taxes based on differing incentive-based effects, describe compliance and administrative costs of Canadian taxes, compare flat-tax experiences around the world, and present a model of flat tax reform for Canada as formulated by long time US flat tax advocate Alvin Rabushka.
gained the endorsement Wednesday of a former GOP candidate _ billionaire publisher and flat-tax proponent Steve Forbes.
What's clear is that the average wage in these flat-tax countries has skyrocketed.
 
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