Social Stratification
A flat tax is a taxation system where a single fixed tax rate is applied to all individuals or entities, regardless of their income level. This means that everyone pays the same percentage of their income, which contrasts with progressive taxation, where tax rates increase as income rises, and regressive taxation, where lower-income earners pay a higher percentage of their income in taxes compared to higher-income earners. Flat taxes are often argued for their simplicity and transparency but criticized for being less equitable.
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