Flat Tax

See: Regressive Tax. See: Federal Tax Brackets. See: VAT.

It's flat. It doesn't change. Like...you buy a half gallon of milk for $3 and the sales tax is 25 cents. It's 25 cents whether you're Jeff Bezos or some schmuck working for 32 grand a year at the TSA.

It's a flat tax. That's flat on a unit level...a purchase. But the notion also applies to income tax, where a flat tax would just tax everyone, say, 20% on whatever they earn over, say, 20 grand a year, or something like that. Flat.