flat tax

noun

Definition of flat tax

Examples of flat tax in a Sentence

Recent Examples on the Web In 2022, a new record of four states -- Iowa, Mississippi, Georgia, and Arizona -- have made the leap from a progressive tax on personal income to a flat tax. ... Jonathan Williams, National Review, 22 July 2022 California lawmakers approved a flat tax on lithium production at the Salton Sea, to benefit low-income communities of color in the Imperial and Coachella valleys. Sammy Rothstaff Writer, Los Angeles Times, 7 July 2022 In fact, moving to a flat tax is less of a leap in South Carolina than in most states. Patrick Gleason, Forbes, 16 June 2022 The first five months of 2022, however, have already produced four new flat tax states. Patrick Gleason, Forbes, 7 June 2022 That will make Georgia the 13th state to adopt a flat tax, following Iowa’s 3.9% rate this month. The Editorial Board, WSJ, 13 Mar. 2022 The measure delivers an immediate flat tax of 5.49% on Jan. 1, 2024. Jeff Amy, ajc, 27 Apr. 2022 His abolition of a wealth tax and the introduction of a 30 percent flat tax on capital gains has mainly lifted incomes for the richest 0.1 percent and increased the distribution of dividends, according to the government’s own analysis. New York Times, 18 Apr. 2022 The House passed a flat tax of 5.25%, replacing the current graduated tax which has a top rate of 5.75%. Gene Maddaus, Variety, 29 Mar. 2022 See More

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.

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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Dictionary Entries Near flat tax

flattail mullet

flat tax

flatten

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Statistics for flat tax

Last Updated

2 Aug 2022

Cite this Entry

“Flat tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/flat%20tax. Accessed 19 Aug. 2022.

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