please define a "flat tax"
glossary FAQ: glossary.
Spencer L. From United States
04 December, 2008
the "flat tax " is A system that taxes everyone at the same rate, regardless of their income bracket.
Supporters of a flat tax argue that it gives people incentive to earn more, because they wouldn't be penalized by graduating to a higher tax bracket (as they would in a progressive-rate system). Visit Finexo Ltd.
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