What Is a Flat Tax?
Flat tax = a tax rate that is the same for everyone, whether the person’s income is high or low
A flat tax is a single tax rate applied to all taxpayers regardless of income. Employing a flat tax means that taxpayers cannot take deductions or exemptions. Most flat tax systems or arguments for a flat tax system do not tax income from dividends, distributions, capital gains, or other investments. The opposite of a flax tax is a progressive tax, where taxation rises with a taxpayer’s income.
Read more: https://www.investopedia.com/terms/f/flattax.asp
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She is primarily a teacher of English. Also her mind is lured by goodies like finance, economics, interest rates, the stock market, as she has a hankering for how the money is made. Nevertheless she is a dreamer on a cloud...As dreams cost nothing... On ordinary days she is a word-weaver for everything and everything that breathes. On the best of days she just follows the seasons by means of bike, skis, or roller-skates. She is grateful to all colors of the world and to people who read, smile and drop a line here, or on her email. Contributing author for 5 Medium.com publications, Spillwords.com and Anthology Volume I: Writings from the Sudden Denouement Literary Collective.
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