A "flat tax" on personal income, in which the same tax rate is applied to every dollar of income earned by each taxpayer, is an example of

Question

Quizplus · Accepted Answer

A flat tax is an example of a proportional tax, as the tax rate is applied uniformly to all individuals regardless of income level. It is not regressive, as a regressive tax would place a higher burden on low-income individuals, and it is not progressive, as a progressive tax would have higher rates for higher earners. A value-added tax is a type of sales tax on products and services at each stage of production, which is not directly related to personal income.

A "Flat Tax" on Personal Income, in Which the Same