Actual current time in Cancun, Mexico, DST, Daylight Savings Time conversion dates 2015, GMT offset, fall time change 2015 Cancun clock.
Flat tax. A flat tax is exactly what it sounds like: a consistent tax rate applied to all tax brackets. A true flat tax would mean, as Dr. Carson explained, that everyone would pay the same tax rate regardless of income (he suggested 10% since that âworks for Godâ). Flat taxes are usually imposed on wages only, meaning that thereâs no tax on capital gains or investments.
Top definition. flat. 1. The name given to an apartment which you rent weekly or monthly. 2. The name given to someone who is not cool and is dull and boring. 3. The name given to a woman with no or hardly any breasts. 4. Something which is level, does not decrease or increase.