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

The American Legislative Exchange Council last month highlighted three other states—Kentucky, Mississippi and Oklahoma—that have legislated the end of their own income taxes, while the Tax Foundation updated on the rush of states to adopt a flat tax.

Read more on The Wall Street Journal

Across the road from her seafront flat, "Tax evader Rayner" and "Rayner tax avoidance" were written on construction chipboard.

Read more on BBC

The 13% flat tax was put into effect in an attempt to discourage tax evaders and boost the state’s revenue.

Read more on Seattle Times

A flat tax increase might be welcomed by FanDuel and DraftKings, the largest betting sites, which are better equipped than smaller rivals to afford the impact — “though they would never say that out loud,” Grove said.

Read more on New York Times

“While I am neutral on the flat tax, I cannot continue down this path to failure,” said Republican Rep. Randy Garber, a northeast Kansas conservative, explaining his no vote.

Read more on Seattle Times