as in proportional tax
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Recent Examples of flat tax
Idaho is one of 14 U.S. states that has a flat tax rate, which means that every taxpayer, regardless of income, owes the same proportion of their income.
—
William Lambers, Newsweek, 7 Mar. 2025
The flat tax went from being a crazy Steve Forbes idea to being the law of the land in 14 states, and eight have no income taxes at all, with two more in the process of phasing them out as the tax cut revolution continues.
—Dominic Pino, National Review, 31 Dec. 2024
Iowa flat tax heralded as a model Wednesday, Iowa joins states that charge a flat individual income tax.
—Acacia Squires, NPR, 31 Dec. 2024
The new flat tax rate was signed into law by Gov. Kim Reynolds in May, who, along with state lawmakers, have argued that the state was collecting too much money from its residents, the publication noted.
—Aimee Picchi, CBS News, 1 Jan. 2025
See All Example Sentences for flat tax
William Lambers, Newsweek, 7 Mar. 2025
The flat tax went from being a crazy Steve Forbes idea to being the law of the land in 14 states, and eight have no income taxes at all, with two more in the process of phasing them out as the tax cut revolution continues.
—Dominic Pino, National Review, 31 Dec. 2024
Iowa flat tax heralded as a model Wednesday, Iowa joins states that charge a flat individual income tax.
—Acacia Squires, NPR, 31 Dec. 2024
The new flat tax rate was signed into law by Gov. Kim Reynolds in May, who, along with state lawmakers, have argued that the state was collecting too much money from its residents, the publication noted.
—Aimee Picchi, CBS News, 1 Jan. 2025
See All Example Sentences for flat tax
Recent Examples of Synonyms for flat tax
Noun
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Additionally, for trusts settled after October 30, 2024, the 40% UK inheritance tax may also apply to decedents who were settlors and beneficiaries of a trust, as is the case commonly for US revocable trusts.—
Priya Prakash Royal Esq. LL.M. MBA AEP TEP,
Forbes.com,
31 Mar. 2025
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However, one caveat about inheritance tax: Unlike the US, in France the tax applies per beneficiary instead of the total estate value.—
CNN.com,
Mercury News,
24 Mar. 2025
Noun
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More specifically, a clear, firm decision on the estate tax exemption amounts before the calendar flips to 2026.—
Darren T. Case,
Forbes.com,
31 Mar. 2025
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But the income tax and estate tax have different definitions of grantor trusts.—
Bob Carlson,
Forbes,
13 Mar. 2025
Noun
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The claim is that the death tax imposes an unfair and costly tax on the transfer of property, land, and other assets from a decedent to his or her heirs and that can decimate small businesses and family farms.—
Martin Shenkman,
Forbes,
20 Feb. 2025
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Legislative Changes to Local Death Tax Proposed changes to inheritance tax rules, including potential alterations to relieve the death tax burden on local business and agricultural assets, may significantly impact estate planning strategies.—
Matthew F. Erskine,
Forbes,
2 Jan. 2025
Noun
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The second type of problem involved individual taxpayers who faced tax time headaches when trying to claim the credit when filing 2024 income tax returns.—
Susan Tompor,
USA Today,
31 Mar. 2025
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Arizona and North Dakota (both 2.5%) have the lowest among states with an income tax.—
Alex Fitzpatrick,
Axios,
28 Mar. 2025
Noun
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Smith said the decline led to a $25-million annual loss in property tax revenue, and that loss will compound over the next few years.—
Jack Flemming,
Los Angeles Times,
4 Apr. 2025
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The new apartments will be built in an area already designated as a TIF district, which means the developers can get access to some of the money from excess property tax revenue as the area increases in value to help with redevelopment costs.—
Taylor O’Connor,
Kansas City Star,
3 Apr. 2025
Noun
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However, under the act, many people would have to pay to get copies of their documents, which could result in a pay-to-vote situation akin to a poll tax.—
William Lambers,
Newsweek,
7 Mar. 2025
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Prior to council tax, there was poll tax which was so wildly unpopular, people began rioting across England.—
Tanyel Mustafa,
refinery29.com,
12 Jan. 2024
Noun
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The payments sent back $250 to single tax filers and $375 to head-of-household filers.—
Chris McKenna,
USA TODAY,
10 Dec. 2024
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This strategy, involves clustering donations in a single tax year to surpass the standard deduction and make itemizing worthwhile.—
James Brewer,
Forbes,
26 Nov. 2024
Cite this Entry
“Flat tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/flat%20tax. Accessed 15 Apr. 2025.
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