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A flat tax (short for flat-rate tax) is a tax with a single rate on the taxable amount, after accounting for any deductions or exemptions from the tax base. It is not necessarily a fully proportional tax. Implementations are often progressive due to exemptions, or regressive in case of a maximum taxable amount. There are various tax systems that are…
Tax effects, Overview & Major categories
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tax flat income rate personal introduced would rates deductions progressive 15 higher government system second taxes example 25 20 united
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| home insulation or low income housing with tax credits rather than constituting a ministry to implement these policies | instance of | it is common for governments to encourage social policy | 0.80 | text |
| this | instance of | if one assumes that government should be active in policy decisions | 0.80 | text |
| then claims that flat taxes are cheaper/simpler to administer than others are incomplete until they factor in costs for alternative policy administration.Minimizing deductionsIn general | instance of | if one assumes that government should be active in policy decisions | 0.80 | text |
| the question of how to eliminate deductions is fundamental to the flat tax design | instance of | if one assumes that government should be active in policy decisions | 0.80 | text |
| then claims that flat taxes are cheaper/simpler to administer than others are incomplete until they factor in costs for alternative policy administration | instance of | if one assumes that government should be active in policy decisions | 0.80 | text |
| a sales tax or value added tax can remove the tax component when goods are exported | instance of | Taxation systems | 0.80 | text |
| apply the tax component on imports | instance of | Taxation systems | 0.80 | text |
| Flat tax | related to Administration and enforcement | One | 0.60 | section |
| Flat tax | related to Administration and enforcement | Hall | 0.60 | section |
| Flat tax | related to Administration and enforcement | Rabushka | 0.60 | section |
| Flat tax | related to Administration and enforcement | Internal Revenue Code | 0.60 | section |
| Flat tax | related to Administration and enforcement | This | 0.60 | section |
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