flat tax

noun

Examples of flat tax in a Sentence

Recent Examples on the Web
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Since mid-2021, six states have revised their tax codes and adopted a flat tax. Rea S. Hederman Jr, National Review, 28 July 2025 The Ways and Means Committee bill also proposes a tiered tax on private foundations’ investment income, rather than the current 1.39% flat tax for all. Emma Whitford, Forbes.com, 13 May 2025 The South Carolina House approved tax reform legislation this spring that will move the state to a 1.99% flat tax in the next five years and then fully phase out the income tax in subsequent years depending on revenue triggers being met. Patrick Gleason, Forbes.com, 11 July 2025 While Illinois is the outlier flat tax state among the top five population losers last year, South Carolina is the lone state with a progressive income tax among the five states that gained the most population through interstate migration in 2024. Patrick Gleason, Forbes, 1 Mar. 2025 See All Example Sentences for flat tax

Word History

First Known Use

1952, in the meaning defined above

Time Traveler
The first known use of flat tax was in 1952

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Cite this Entry

“Flat tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/flat%20tax. Accessed 6 Aug. 2025.

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