Proportional tax

Proportional tax,

Definition of Proportional tax:

  1. Income tax that takes the same percentage of all incomes, whether large or small. Also called flat tax. See also progressive tax.

How to use Proportional tax in a sentence?

  1. If you are paying a high proportional tax you must factor that into your losses so you know your true bottom line.
  2. Rich people always want the government to have a proportional tax while poor people want the rich to be taxed morel.
  3. Many Americans favor the idea of proportional tax so that everybody pays the same percentage of their income no matter how much they make.

Meaning of Proportional tax & Proportional tax Definition