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flat tax

   Also found in: Financial, Wikipedia 0.01 sec.
flat tax
n.
An income tax having a single rate for all taxpayers regardless of income level and type.


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Consumer-income tax; otherwise known as a flat tax rate
Could the government pop real estate's bubble? by Polsinelli, Adelaide / Real Estate Weekly
Add-on value-added tax--This option, viewed as less radical than either flat tax proposal, would remove all but the highest-income individuals from the tax rolls, lowering individual and corporate rates, and broaden the income tax base.
Tax reform and the President's second-term agenda by Prysock, Mark / Financial Executive
Besides cutting the gross receipts tax rates, the advisory committee plan establishes an option for small and mid-sized businesses to pay a flat tax of about $145 per year.
Business tax counterproposal includes 15 percent cut by Fine, Howard / Los Angeles Business Journal
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