Flat tax

2 topics · 2 sources

Business› Finance

Personal Finance

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.

Business› Finance› Personal Finance

Income Tax

This is another term for a proportional tax.

Cite this definition

APA
MLA
Chicago