| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
flat tax
Definition 1.
A system in which all levels of income are taxed at the same rate.
|
Definition 2.
When everyone is taxed at the same rate, regardless of a person's income bracket.
|
Definition 3.
A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax.
|
|
|