flat tax

(redirected from Fair Flat Tax Act)
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flat tax

n.
An income tax having a single rate for all taxpayers regardless of income level and type.
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References in periodicals archive ?
Rahm Emanuel (D-IL) introduced the Fair Flat Tax Act aimed at simplifying the tax code.
Wyden's plan, the Fair Flat Tax Act of 2005, would replace the six current personal income tax rates with three - 15 percent, 25 percent and 35 percent.