Akademik

flat tax
A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax . Bloomberg Financial Dictionary

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flat tax flat tax ➔ tax1

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flat tax UK US noun [C, usually singular]
► TAX a tax that is paid at a single rate at all levels of income: »

The government has introduced a 19% flat tax for both corporate and personal income.

→ Compare PROGRESSIVE TAX(Cf. ↑progressive tax), REGRESSIVE TAX(Cf. ↑regressive tax)

Financial and business terms. 2012.