Definition
A flat tax applies the same tax rate to all income levels.
Why It Matters
It simplifies the tax system but affects income groups differently.
Example
Everyone paying a 15% income tax.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A flat tax applies the same tax rate to all income levels.
It simplifies the tax system but affects income groups differently.
Everyone paying a 15% income tax.