flat tax
Noun
Meaning
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.
Antonyms
Examples
In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it.
As president, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan would be the largest tax cut in American history, reforming individual, business, and worker taxes.
I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.
Like the Republican Party, CPAC has become heavily Trumpified. ... So it has come to this: a conservative group whose worst fault in years past may have been excessive flat tax enthusiasm now opens its doors to the blood and soil nationalists of Europe.
Flat tax critics contend that a flat tax system could be created with many loopholes, or a progressive tax system without loopholes, and that a progressive tax system could be as simple, or simpler, than a flat tax system.