flat tax
A single tax rate that applies to everyone obligated to pay the tax. Sales taxes are flat taxes. There have been proposals to substitute a flat tax on income for the current graduated tax, which taxes higher incomes at a higher rate. Proponents argue that the flat tax is fair and simple. Opponents view it as a bonanza for the wealthy.
Words Nearby flat tax
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
How to use flat tax in a sentence
There is also his fiscal policy of a flat tax, which will never be received well by the overall population.
The Romney is singled out as one of the only candidates without a flat tax proposal.
Roemer says he released his flat-tax proposal three months ago.
Rick Perry says his new flat-tax plan can put America back to work and balance the federal budget by 2020.
The flat-tax option would allow Americans to “file their taxes on a postcard,” according to the Perry plan.
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