Business / Taxes / Flat Tax: A flat tax, also known as a regressive tax, applies to everyone at the same rate, as a sales tax does. Advocates of a flat income tax for the United States say it’s simpler and does away with the kinds of tax breaks that tend to favor the wealthy. Opponents say that middle-income taxpayers would carry too large a proportion of the total tax bill.
Flat Adverb Synonyms: room(s), flat, suite (of rooms), chambers, tenement, garden flat, maisonette, penthouse, studio, bedsitter, bedsit, accommodation, living quarters, digs , apartment, furnished room, walk-up, duplex, triplex
Flat Adjective Synonyms: level, horizontal, even, smooth, plane, unbroken, uninterrupted
Flat Noun Synonyms: absolutely, completely, categorically, utterly, wholly, uncompromisingly, irrevocably, positively, definitely, directly, exactly, precisely, flatly
Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
Business / Finance / Tax Avoidance: Audit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax. MORE
Business / Finance / Tax Audit: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts. MORE