4 definitions by Lil Moff Tarkin

Flat Tax

a tax by which the tax rate stays the same regardless of the size of the taxable base

An income tax that is a flat tax taxes all individuals at the same rate regardless of income level

by Lil Moff Tarkin August 23, 2010

Tea Bagger

-noun

1) A male engages in the sexual act of tea bagging. in which he stands over his partner and lowers his testicles into his partner's mouth, as if lowering a tea bag into a tea cup.

2) A follower of the conservative US Tea Party political movement, often used as a derogatory term.

Most tea baggers are in favor of cuts to government services and taxes.

by Lil Moff Tarkin August 23, 2010

Regressive Tax

a tax by which the tax rate increases as the taxable base amount decreases

An income tax that is a regressive tax taxes individuals with a lower income at a higher rate than those with a higher income.

by Lil Moff Tarkin August 23, 2010

Progressive Tax

a tax by which the tax rate increases as the taxable base amount increases

An income tax that is a progressive tax taxes individuals with a greater income at a higher rate than those with a lower income.

by Lil Moff Tarkin August 23, 2010