flat tax

1. 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.

Example Sentences

There is also his fiscal policy of a flat tax, which will never be received well by the overall population.

From The Daily Beast

The Romney is singled out as one of the only candidates without a flat tax proposal.

From The Daily Beast

Roemer says he released his flat-tax proposal three months ago.

From The Daily Beast

Rick Perry says his new flat-tax plan can put America back to work and balance the federal budget by 2020.

From The Daily Beast

The flat-tax option would allow Americans to “file their taxes on a postcard,” according to the Perry plan.

From The Daily Beast