flat tax
English
Alternative forms
Noun
flat tax (plural flat taxes)
- (government, taxation) A tax, usually income tax, whose percentage rate or currency value remains constant, regardless of the amount to which the tax is applied.
- 1995 April 18, David E. Rosenbaum, "Washington Memo: Debate on Flat Tax Revives Simplicity vs. Fairness Issue," New York Times (retrieved 27 Nov 2015):
- Several candidates for the 1996 Republican Presidential nomination and some of the top Republican leaders in Congress are advocating replacing the graduated income tax with a flat tax.
- 2001 Nov. 18, David Ammons, "Eyman takes aim at some more taxes," Seattle Post-Intelligencer (retrieved 27 Nov 2015):
- Eyman's measure also would repeal the state tax on boats, 1 percent of the vessel's value, and replace it with a flat tax of $10.50 a year.
- 2005 Aug. 19, George Trefgarne, "The flat tax secrets that worried Brown did not want us to see," Telegraph (UK) (retrieved 27 Nov 2015):
- A flat tax means scrapping all income tax bands and the various exemptions and loopholes and replacing them with a single low rate.
- 1995 April 18, David E. Rosenbaum, "Washington Memo: Debate on Flat Tax Revives Simplicity vs. Fairness Issue," New York Times (retrieved 27 Nov 2015):
Antonyms
- graduated tax, progressive tax
Further reading
- flat tax at OneLook Dictionary Search
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