Respuesta :
A flat tax is a type of tax where individuals with different income levels are subject to the same tax rate. A further illustration of a flat tax is the sales tax, which levies a set percentage of tax on goods and services so that everyone pays the same amount.
What is Flat Tax?
After taking into account any deductions or exclusions from the tax base, a flat tax is a tax with a single rate applied to the taxable amount. It may not always be a proportional tax. Due to exemptions, implementations are frequently progressive, or regressive if there is a maximum taxed amount. All taxpayers are subject to the same fixed percentage rate under a flat tax. The sales tax and the Social Security and Medicare taxes are two instances of flat taxes. The United States has a progressive tax system, which means that residents with higher incomes pay a higher percentage of income tax.
Hence, A flat tax is a type of tax where individuals with different income levels are subject to the same tax rate.
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