A single-rate tax system. A flat tax and sales tax are almost identical in that a flat tax imposes one layer of tax when income is earned and a sales tax imposes one layer of tax when income is spent. In either case, all income is taxed, but only once and presumably at a very low rate.
a percentage charge applied equally to everyone, regardless of their income level, investment s, or other financial characteristics
a simple tax on the percentage of income, so even as one climbs the income ladder, you're paying more and more in taxes
a simplified tax system that could have any tax rate
a single rate levied at all income levels
a system that taxes all entities in a class (typically either citizens or corporations ) at the same rate , as opposed to a graduated scheme
a tax system in which all earned income is taxed
a tax with a constant marginal tax rate
a uniform tax rate, a national sales tax is levied on retail sales, and a value-added tax (VAT) is imposed at every sales level
This is another term for a proportional tax.
Flat tax refers to a system where everyone is taxed at the same rate, regardless of how much they earn.
Tax collected at the same rate or percentage regardless of income level.
A flat tax system of taxing income means that all taxpayers would pay the same percentage of tax regardless of their level of income.
This is a term used by advocates of an income tax system with a single tax rate. Some tax reform proponents advocate a flat or single rate tax based on the sales price of goods or services – which is the same as a sales tax.
A system that taxes everyone at the same rate, regardless of their income bracket.
A tax levied at the same rate on all income for all individual taxpayers, usually on a broadly-defined income base with only a limited number of deductions.
A flat tax (short for flat rate tax or proportional tax) taxes all household income, and possibly corporate profits as well, at the same marginal rate. A flat tax usually refers to the taxation of incomes but can be applied to consumption.