flat tax

noun

Definition of flat tax

Examples of flat tax in a Sentence

Recent Examples on the Web Along with a special interest nonprofit of the same name, Club for Growth supports issues such as instituting term limits in Congress, implementing a flat tax, and shutting down the Department of Education. Michela Tindera, Forbes, "This Secretive Billionaire Is One Of America’s Biggest Conservative Donors," 16 Apr. 2021 Massachusetts, which now has a flat tax of 5% on most income, is considering putting a constitutional amendment on the state ballot allowing an additional 4% tax for millionaires. Sarah Hansen, Forbes, "The New Civil War: Blue States Soak The Rich; Red States Sue To Cut Taxes," 10 Apr. 2021 Better yet, implementing a flat tax would be the more equitable form of taxation, through which everyone pays the same percentage of their income. Phillip Molnar, San Diego Union-Tribune, "Is a wealth tax needed to rebalance the economy after COVID-19?," 12 Mar. 2021 Pritzker and supporters contend a rate schedule that would take effect if the amendment is adopted will mean that those who earn $250,000 or less will pay at least the same or less tax than under the current flat tax. Rick Pearson, chicagotribune.com, "Pritzker tries to blame Republicans after ally suggests big tax hike coming if voters reject tax amendment," 25 Sep. 2020 While some hoped for the district to take a flat tax levy, similar to a levy recently approved by the Oak Park and River Forest High School board, members of the District 97 school board felt the increase was the prudent thing to do. Steve Schering, chicagotribune.com, "Oak Park District 97 adopts maximum tax levy, cites need to be ‘strong fiscal stewards’," 17 Dec. 2020 Under Connecticut’s current system, drivers already pay a flat tax rate of 25 cents per gallon at the pump, along with a gross receipts tax that fluctuates along with the wholesale price of gasoline. Michael Hamad, courant.com, "Connecticut joins regional effort to reduce carbon emissions and reinvest millions toward cleaner transportation, a deal that will likely mean a gas tax increase," 21 Dec. 2020 Ron Grooters suggested introducing a flat tax to make things fair. WSJ, "Abortion, Guns and Trump: A Church Group Tries to Navigate America’s Divisions," 18 Dec. 2020 Greece already has a program to attract wealthy investors through a flat tax rate for those who qualify and are willing to shift residence. Paul Tugwell, Bloomberg.com, "Greece Offers Tax Breaks to Lure the Work-From-Anywhere Crowd," 11 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'flat tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of flat tax

1952, in the meaning defined above

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The first known use of flat tax was in 1952

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Last Updated

28 Apr 2021

Cite this Entry

“Flat tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/flat%20tax. Accessed 8 May. 2021.

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