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Definitions for "proportional tax"
Keywords:  income, percentage, burden, tax, everyone
Related Terms: Progressive tax, Flat tax, Regressive tax, After-tax, Effective tax rate, Tax rates, Tax bracket, Marginal tax bracket, Surtax, Marginal tax rate, Tax rate, Rates, Higher rate tax, Tax-exempt income, Gross receipts tax, Average tax rate, Tax levy, Basic rate tax, Tax exempt, Net effective income, Negative income tax, Yield equivalence, Millage rate, Ad valorem tax, Vat, Taxable income, Mill levy, Direct tax, Millage, Tax base, Ad valorem taxes, Tax-exempt, Excise tax, Tax exemption, Exemptions, Before-tax income, Indirect tax, Tax preference items, Income tax, Laffer curve, Tax deduction, Tax, Amt, Bracket creep, Kiddie tax, Alternative minimum tax, Ubit, Tax table, Personal exemption, Sin tax
A system in which all levels of income are taxed at the same rate. also called flat tax.
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Proportional taxes take the same percentage of income from everyone regardless of how much (or little) a person earns. This type of tax is not currently in use, but some feel it's the way to go.
smarttaxinfo.com
a tax whose rate does not change as the tax base changes
college.hmco.com
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Keywords:  recession