Flat Tax
Definition
A single marginal income-tax rate for all earners, often with a basic exemption. Simpler than a progressive structure; debated for fairness.
Example
Estonia operates a flat personal income tax around 20%.
A single marginal income-tax rate for all earners, often with a basic exemption. Simpler than a progressive structure; debated for fairness.
Estonia operates a flat personal income tax around 20%.