graduated flat tax
Definition
The proposed compromise between a flat tax and a progressive tax. A graduated flat tax is characterized by having minimal tax brackets and low tax rates. An example of a graduated flat tax was the modified flat tax system that was part of the Tax Reform Act of 1986.
Use graduated flat tax in a sentence
“ The graduated flat tax was a proposed compromise for us and I thought that was a really good and innovative idea. ”
“ The graduated flat tax that the newly elected Senator from Texas advocated for would have minimal tax brackets and low tax rates. ”
“ A graduated flat tax looks good on paper, but it's a cruddy compromise: we should go for a full out flat tax, without any brackets at all. ”
