Gourt > Society > Issues > Economic > Taxation > Flat Tax
A flat tax (short for flat rate tax or proportional tax) taxes all household income, and possibly corporates profits as well, at the same marginal rate. A flat tax usually refers to the taxation of incomes but can be applied to consumption.
Flat taxes are uncommon in advanced economies, whose nationwide taxes typically include a graduated tax on household incomes and corporate profits, such that the marginal tax rate rises as the income or profit of the taxed entity rises. Flat taxes, implemented as well as proposed, exempt from tax household income below a statutorily determined level that is a function of the type and size of the household. As a result, a flat marginal rate is entirely consistent with a progressive average tax rate. Otherwise, all income or consumption is taxed at the same marginal rate.
History and current use
Historically, a flat tax was seen as an improvement over a status quo featuring lower, including zero, tax rates for the nobility and clergy. Such a situation in 18th century France was one of the causes of the French Revolution. Over the course of the 19th century, most European nations adopted flat taxes applicable to most or all incomes. More on [ Flat tax ]
Universal health care is not feasible without a universal revenue source, such as a no-cap flat tax on every dollar of personal income.
eddesez (Edde Froehlich) Wed, 16 Dec 2009 20:28:13 -0000
Universal health care is not feasible without a universal revenue source, such as a no-cap flat tax on every dollar of personal income.
The Sanders Healthcare Bill might be acceptable if funded SOLELY by a flat tax on ALL personal income, no caps.
eddesez (Edde Froehlich) Wed, 16 Dec 2009 19:39:49 -0000
The Sanders Healthcare Bill might be acceptable if funded SOLELY by a flat tax on ALL personal income, no caps.
RT @sacramentogrape: Are you interested in "A Fair Flat Tax System" in the United States ? If so please read and login to comment. http ...
MarijuanaLocato (Medical Marijuana) Wed, 16 Dec 2009 18:57:16 -0000
RT @sacramentogrape: Are you interested in "A Fair Flat Tax System" in the United States ? If so please read and login to comment. http ...
@jgairns - They keep trying to sell the "flat tax" here, too. It's a joke.
NoisyPip (Pepsi Cooper) Wed, 16 Dec 2009 18:47:39 -0000
@jgairns - They keep trying to sell the "flat tax" here, too. It's a joke.
RT @sacramentogrape: Are you interested in "A Fair Flat Tax System" in the United States ? If so please read and login to comment. http ...
SanFranGrape (SanFranGrape) Wed, 16 Dec 2009 18:06:11 -0000
RT @sacramentogrape: Are you interested in "A Fair Flat Tax System" in the United States ? If so please read and login to comment. http ...
Mass. Taxpayers Foundation sees 3.7 percent revenue growth in FY11: State tax collections will remain flat this fis... http://bit.ly/8bcPF3
chelmsford (chelmsford) Wed, 16 Dec 2009 17:47:09 -0000
Mass. Taxpayers Foundation sees 3.7 percent revenue growth in FY11: State tax collections will remain flat this fis... http://bit.ly/8bcPF3
A Fair Not Flat Tax - The income tax system is broken but a flat tax is not the answer, says Prof. Edward J. McCaffery as he explains the Fair Not Flat tax plan.
Meta Description: [ An interview with Edward J. McCaffery author of Fair Not Flat: How to Make the Tax System Better and Simpler. Also available on website: online catalogs, secure online ordering, excerpts from new books. Sign up for email notification of new releases in your field. ]
Flat Tax Fiasco - Debunks the myths of a flat tax panacea.
Meta Description: [ An examination of the failure of flat-tax proposals and the flawed assumptions they are based on, as the few wealthiest Americans seek a mechanism for bleeding the middle-class that would support them with higher taxes while those who have enjoyed the most success in our regulated free market sys... ]
Tax Reform 2000 - Arguing in favor of a 10% flat tax.
Tax Reform: Flat Tax - U.S. Government Info/Resources - About the Armey/Shelby flat tax income tax proposal, from About.com Guide
Meta Description: [ About the Armey/Shelby Flat Tax income tax proposal, from your Mining Company Guide ]
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