Legal glossary
What is Flat Tax Information?
Flat Tax Information — A Flat Tax is a tax that is applied at an identical rate for all incomes, high or low. While the flat tax will make the tax process much simpler, there are fairness issues involved. Opponents to the flat tax argue that it is inequitable in application. Proponents argue that the flat tax will stimulate economic activity to the benefit of all taxpayers in the economy.