16
Jul

What is a flat tax?

Author: admin

?

thx for your time


Answer:
A tax that’s one that's the same for people of all incomes. The US has a progressive income tax, which means the more money you make, the higher the % in taxes you pay.

Answer:
Besides being the same percentage for all taxpayers, most flat tax plans provide for few, if any, deductions so that everybody pays and nobody can game the system with special interest deductions.

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This entry was posted on Wednesday, July 16th, 2008 at 2:36 pm and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or TrackBack URI from your own site.

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