Dictionary

flat tax en · NOUN

Meanings

1. A tax, usually income tax, whose percentage rate or currency value remains constant, regardless of the amount to which the tax is applied.
   • 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. 2001 November 18, David Ammons, “Eyman takes aim at some more taxes”, in Seattle Post-Intelligencer, 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. 1995 April 18, David E. Rosenbaum, “Washington Memo: Debate on Flat Tax Revives Simplicity vs. Fairness Issue”, in New York Times, 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. 2005 August 19, George Trefgarne, “The flat tax secrets that worried Brown did not want us to see”, in Telegraph, UK, retrieved 27 Nov 2015:

Forms

Antonyms

progressive tax · graduated tax

Translations (5)

pl podatek liniowy (tax) · hu egykulcsos adó (tax) · fi tasavero (tax) · ka პროპორციული გადასახადი (tax) · nl vlaktaks (tax)