Definition of Proportional tax:
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?
- If you are paying a high proportional tax you must factor that into your losses so you know your true bottom line.
- Rich people always want the government to have a proportional tax while poor people want the rich to be taxed morel.
- 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